MasTec, Inc. (NYSE:MTZ) Shares Acquired by Community Trust & Investment Co.

Community Trust & Investment Co. grew its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 162,918 shares of the construction company's stock after buying an additional 1,825 shares during the quarter. MasTec accounts for 1.2% of Community Trust & Investment Co.'s investment portfolio, making the stock its 25th biggest position. Community Trust & Investment Co. owned 0.21% of MasTec worth $19,014,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in MasTec by 181.3% during 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 stake in shares of MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company's stock worth $25,000 after acquiring an additional 141 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of MasTec by 93.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock valued at $36,000 after purchasing an additional 128 shares in the last quarter. Rothschild Investment LLC grew its holdings 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 purchasing an additional 263 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of MasTec by 162.4% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock valued at $42,000 after purchasing an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Insider Buying and Selling

In other news, Director Ernst N. Csiszar sold 2,517 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction of $331,312.71. Following the sale, the director now directly owns 23,000 shares in the company, valued at approximately $3,027,490. This represents a 9.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Robert Campbell sold 3,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $153.89, for a total value of $461,670.00. Following the completion of the sale, the director now owns 39,782 shares of the company's stock, valued at approximately $6,122,051.98. This represents a 7.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by insiders.

MasTec Stock Up 1.0%

Shares of MTZ stock traded up $1.55 during trading hours on Monday, hitting $163.65. 735,157 shares of the company's stock traded hands, compared to its average volume of 944,027. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The stock's fifty day simple moving average is $141.64 and its two-hundred day simple moving average is $137.02. MasTec, Inc. has a 12-month low of $89.96 and a 12-month high of $166.95. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of 146.12 and a beta of 1.75.

MasTec (NYSE:MTZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.17. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.13) earnings per share. On average, analysts expect that MasTec, Inc. will post 3.44 EPS for the current year.

Wall Street Analyst Weigh In

MTZ has been the topic of a number of recent research reports. Truist Financial raised their price objective on MasTec from $154.00 to $184.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Wall Street Zen raised MasTec from a "buy" rating to a "strong-buy" rating in a research note on Monday, June 9th. Barclays lifted their target price on shares of MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Robert W. Baird lowered their price target on shares of MasTec from $162.00 to $153.00 and set a "neutral" rating for the company in a report on Monday, March 3rd. Finally, Jefferies Financial Group started coverage on shares of MasTec in a report on Friday, May 16th. They issued a "buy" rating and a $188.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $166.75.

MasTec Company Profile

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.