Temasek Holdings Private Ltd Has $1.40 Million Holdings in MasTec, Inc. (NYSE:MTZ)

Temasek Holdings Private Ltd lessened its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 60.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,289 shares of the construction company's stock after selling 15,867 shares during the quarter. Temasek Holdings Private Ltd's holdings in MasTec were worth $1,401,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in MasTec by 15.1% in the fourth quarter. Allworth Financial LP now owns 596 shares of the construction company's stock valued at $81,000 after acquiring an additional 78 shares during the last quarter. Arizona State Retirement System boosted its stake in MasTec by 0.5% in the 4th quarter. Arizona State Retirement System now owns 18,393 shares of the construction company's stock worth $2,504,000 after purchasing an additional 89 shares in the last quarter. Fielder Capital Group LLC raised its position in MasTec by 6.1% in the 4th quarter. Fielder Capital Group LLC now owns 1,816 shares of the construction company's stock worth $247,000 after buying an additional 105 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of MasTec by 0.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,835 shares of the construction company's stock valued at $1,883,000 after purchasing an additional 105 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of MasTec by 29.8% in the fourth quarter. UMB Bank n.a. now owns 492 shares of the construction company's stock worth $67,000 after buying an additional 113 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Up 1.6%

MasTec stock traded up $2.43 during midday trading on Friday, reaching $153.20. The stock had a trading volume of 260,832 shares, compared to its average volume of 938,439. The stock's 50-day simple moving average is $129.04 and its 200 day simple moving average is $135.21. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.20 and a current ratio of 1.24. MasTec, Inc. has a twelve month low of $89.96 and a twelve month high of $166.95. The stock has a market capitalization of $12.09 billion, a PE ratio of 136.81 and a beta of 1.71.

MasTec (NYSE:MTZ - Get Free Report) last released its 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. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts expect that MasTec, Inc. will post 3.44 EPS for the current year.

Insider Activity at MasTec

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on MTZ shares. Jefferies Financial Group assumed coverage on shares of MasTec in a research report on Friday, May 16th. They issued a "buy" rating and a $188.00 price target on the stock. Truist Financial increased their price target on shares of MasTec from $154.00 to $184.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Robert W. Baird reduced their price objective on MasTec from $162.00 to $153.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Piper Sandler increased their price target on shares of MasTec from $134.00 to $175.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Barclays increased their target price on MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $162.06.

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.