Lisanti Capital Growth LLC Sells 26,270 Shares of MasTec, Inc. (NYSE:MTZ)

Lisanti Capital Growth LLC lowered its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 59.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,885 shares of the construction company's stock after selling 26,270 shares during the period. Lisanti Capital Growth LLC's holdings in MasTec were worth $2,087,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Colonial Trust Co SC raised its position in shares of MasTec by 335.7% during the 4th quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock valued at $25,000 after buying an additional 141 shares in the last quarter. Rothschild Investment LLC raised its position in shares of MasTec by 2,023.1% during the 1st quarter. Rothschild Investment LLC now owns 276 shares of the construction company's stock valued at $32,000 after buying an additional 263 shares in the last quarter. Smartleaf Asset Management LLC grew its position in MasTec by 93.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after acquiring an additional 128 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in MasTec by 147.1% in the first quarter. Harbor Investment Advisory LLC now owns 336 shares of the construction company's stock valued at $39,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 78.10% of the company's stock.

Insider Buying and Selling

In related news, Director C Robert Campbell sold 3,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $153.89, for a total value of $461,670.00. Following the completion of the transaction, the director directly owned 39,782 shares in the company, valued at $6,122,051.98. The trade was a 7.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 21.30% of the company's stock.

MasTec Trading Down 0.8%

MTZ stock traded down $1.39 during trading on Tuesday, reaching $169.04. The company had a trading volume of 984,344 shares, compared to its average volume of 945,678. The company has a market cap of $13.34 billion, a P/E ratio of 62.21 and a beta of 1.75. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.22 and a quick ratio of 1.18. The business has a 50 day moving average of $152.79 and a 200 day moving average of $139.13. MasTec, Inc. has a 52 week low of $89.96 and a 52 week high of $172.71.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.34 by $0.17. MasTec had a net margin of 1.72% and a return on equity of 11.65%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. MasTec's quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wolfe Research initiated coverage on MasTec in a report on Monday, March 31st. They set a "peer perform" rating on the stock. Citigroup lifted their price target on shares of MasTec from $152.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Wall Street Zen raised shares of MasTec from a "buy" rating to a "strong-buy" rating in a research note on Monday, June 9th. B. Riley reiterated a "buy" rating and issued a $165.00 target price (up previously from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Finally, Guggenheim restated a "buy" rating and set a $195.00 price target on shares of MasTec in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, MasTec currently has a consensus rating of "Buy" and a consensus price target of $169.29.

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.