8,046 Shares in MasTec, Inc. $MTZ Acquired by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC has acquired a new stake in MasTec, Inc. by purchasing 8,046 shares valued at approximately $939,000 in the 1st quarter.
• Insider sales revealed significant transactions, with COO Robert E. Apple and EVP Cardenas Alberto De selling 10,000 shares each, marking a decrease of 4.90% and 8.98% in their respective holdings.
• Wall Street analysts have shown optimism, with multiple firms upgrading MasTec's stock and setting price targets between $209.00 to $227.00.

Quantitative Investment Management LLC purchased a new stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 8,046 shares of the construction company's stock, valued at approximately $939,000.

A number of other large investors have also added to or reduced their stakes in MTZ. Brighton Jones LLC acquired a new stake in MasTec during the 4th quarter valued at $227,000. Mariner LLC grew its holdings in MasTec by 20.9% during the 4th quarter. Mariner LLC now owns 2,639 shares of the construction company's stock valued at $359,000 after purchasing an additional 457 shares in the last quarter. NewEdge Advisors LLC grew its holdings in MasTec by 16.1% during the 4th quarter. NewEdge Advisors LLC now owns 3,325 shares of the construction company's stock valued at $453,000 after purchasing an additional 462 shares in the last quarter. MML Investors Services LLC grew its holdings in MasTec by 20.2% during the 4th quarter. MML Investors Services LLC now owns 23,804 shares of the construction company's stock valued at $3,241,000 after purchasing an additional 4,001 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of MasTec by 16.7% in the 4th quarter. Stifel Financial Corp now owns 11,788 shares of the construction company's stock worth $1,605,000 after purchasing an additional 1,683 shares during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MasTec

In other MasTec news, EVP Cardenas Alberto De sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the sale, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. The trade was a 8.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the sale, the chief operating officer owned 194,249 shares in the company, valued at $33,993,575. This trade represents a 4.90% 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.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. KeyCorp boosted their target price on shares of MasTec from $196.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. 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 target price for the company. Robert W. Baird raised shares of MasTec from a "neutral" rating to an "outperform" rating and set a $210.00 target price for the company in a research report on Monday, August 4th. Wall Street Zen raised shares of MasTec from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, Truist Financial set a $209.00 price target on shares of MasTec in a report on Monday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, MasTec has a consensus rating of "Buy" and a consensus price target of $195.12.

MasTec Stock Performance

MasTec stock traded down $2.56 during midday trading on Friday, reaching $181.89. 750,658 shares of the stock traded hands, compared to its average volume of 1,034,536. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. The firm has a fifty day moving average price of $176.36 and a two-hundred day moving average price of $149.21. The firm has a market cap of $14.35 billion, a price-to-earnings ratio of 53.81 and a beta of 1.83. MasTec, Inc. has a fifty-two week low of $96.01 and a fifty-two week high of $194.00.

MasTec (NYSE:MTZ - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.08. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the business posted $0.96 EPS. MasTec'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. On average, equities research analysts forecast that MasTec, Inc. will post 3.44 earnings per share 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.