J. Safra Sarasin Holding AG Raises Holdings in MasTec, Inc. $MTZ

Key Points

• J. Safra Sarasin Holding AG increased its stake in MasTec, Inc. by 76.7% in Q2, now owning $6.91 million worth of shares.
• MasTec's recent earnings report showed a 19.7% year-over-year revenue increase, surpassing analysts' estimates with $3.55 billion in revenue for the quarter.
• Institutional investors currently own 78.10% of MasTec's stock, indicating strong support from large financial entities.

J. Safra Sarasin Holding AG boosted its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 76.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,545 shares of the construction company's stock after buying an additional 17,595 shares during the period. J. Safra Sarasin Holding AG owned 0.05% of MasTec worth $6,910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Forum Financial Management LP boosted its position in MasTec by 3.9% during the first quarter. Forum Financial Management LP now owns 2,097 shares of the construction company's stock valued at $245,000 after purchasing an additional 78 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of MasTec by 37.1% during the second quarter. Parallel Advisors LLC now owns 303 shares of the construction company's stock valued at $52,000 after buying an additional 82 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of MasTec by 0.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the construction company's stock valued at $2,007,000 after buying an additional 100 shares in the last quarter. Securian Asset Management Inc. grew its position in shares of MasTec by 2.2% in the 1st quarter. Securian Asset Management Inc. now owns 4,719 shares of the construction company's stock worth $551,000 after buying an additional 100 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of MasTec by 16.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 743 shares of the construction company's stock worth $87,000 after acquiring an additional 104 shares in the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MasTec

In related news, Director C Robert Campbell sold 2,000 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $210.39, for a total transaction of $420,780.00. Following the completion of the transaction, the director directly owned 33,277 shares in the company, valued at $7,001,148.03. The trade was a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert E. Apple sold 10,000 shares of the company's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the completion of the sale, the chief operating officer directly owned 184,249 shares in the company, valued at approximately $36,930,869.56. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,000 shares of company stock worth $6,553,250. Company insiders own 21.30% of the company's stock.

MasTec Stock Performance

Shares of MTZ opened at $215.82 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.19 and a current ratio of 1.22. The stock has a 50-day moving average of $187.76 and a two-hundred day moving average of $160.88. The stock has a market cap of $17.03 billion, a P/E ratio of 63.85 and a beta of 1.82. MasTec, Inc. has a one year low of $99.70 and a one year high of $219.09.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The company's revenue was up 19.7% on a year-over-year basis. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. As a group, research analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MTZ. Mizuho assumed coverage on shares of MasTec in a research report on Thursday, September 4th. They set an "outperform" rating and a $215.00 target price for the company. Roth Capital increased their price objective on MasTec from $210.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Wolfe Research raised MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 price objective for the company in a research report on Wednesday, September 17th. Robert W. Baird raised MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 target price on the stock in a research report on Monday, August 4th. Finally, Jefferies Financial Group increased their price target on MasTec from $218.00 to $252.00 and gave the company a "buy" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating and eighteen have assigned a Buy rating to the company's stock. According to MarketBeat, MasTec has a consensus rating of "Buy" and an average target price of $208.84.

About MasTec

MasTec, Inc, an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, utility, and other infrastructure primarily in the United States and Canada. It operates through five segments: Communications, Clean Energy and Infrastructure, Oil and Gas, Power Delivery, and Other.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.