Temasek Holdings Private Ltd Sells 15,867 Shares of MasTec, Inc. (NYSE:MTZ)

Temasek Holdings Private Ltd cut its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 60.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,289 shares of the construction company's stock after selling 15,867 shares during the period. Temasek Holdings Private Ltd's holdings in MasTec were worth $1,401,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MTZ. Ameliora Wealth Management Ltd. acquired a new stake in shares of MasTec during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC raised its stake in shares of MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock worth $25,000 after buying an additional 116 shares in the last quarter. Colonial Trust Co SC raised its stake 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 worth $25,000 after buying an additional 141 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of MasTec by 93.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock worth $36,000 after buying an additional 128 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake 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 worth $42,000 after buying an additional 190 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wolfe Research assumed coverage on MasTec in a research note on Monday, March 31st. They issued a "peer perform" rating for the company. KeyCorp raised their price objective on MasTec from $140.00 to $163.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their price objective on MasTec from $154.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th. Citigroup raised their price target on MasTec from $152.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, B. Riley reissued a "buy" rating and set a $165.00 price target (up previously from $151.00) on shares of MasTec in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MasTec currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.06.

Insider Buying and Selling at MasTec

In other news, Director C Robert Campbell sold 3,000 shares of the company's stock in a transaction 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 transaction, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ernst N. Csiszar sold 2,517 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $131.63, for a total transaction of $331,312.71. Following the completion of the transaction, the director now directly owns 23,000 shares in the company, valued at $3,027,490. This trade represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.30% of the company's stock.

MasTec Stock Down 1.8%

MasTec stock traded down $2.90 during midday trading on Wednesday, hitting $155.33. The stock had a trading volume of 820,203 shares, compared to its average volume of 939,480. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. The business has a fifty day moving average price of $128.51 and a 200 day moving average price of $135.09. 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 $12.26 billion, a P/E ratio of 138.69 and a beta of 1.71.

MasTec (NYSE:MTZ - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.17. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The business's revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.13) earnings per share. Research analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

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.