Trexquant Investment LP Sells 68,728 Shares of MasTec, Inc. $MTZ

Key Points

• Trexquant Investment LP significantly reduced its stake in MasTec, Inc. by 52.1%, selling 68,728 shares and now holding 63,150 shares valued at approximately $7.37 million.
• MasTec reported $1.49 earnings per share for the last quarter, surpassing analysts' expectations of $1.41 and achieving a 19.7% year-over-year revenue growth.
• Several institutional investors are increasing their stakes in MasTec, with Balyasny Asset Management L.P. raising its holdings by 137.6% to own 627,670 shares valued at over $85 million.

Trexquant Investment LP lowered its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 52.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,150 shares of the construction company's stock after selling 68,728 shares during the period. Trexquant Investment LP owned 0.08% of MasTec worth $7,370,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MTZ. Hill City Capital LP raised its position in shares of MasTec by 0.7% in the 1st quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company's stock worth $250,343,000 after purchasing an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of MasTec by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company's stock valued at $142,331,000 after purchasing an additional 39,622 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of MasTec by 137.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company's stock valued at $85,451,000 after purchasing an additional 363,502 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of MasTec by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company's stock valued at $65,440,000 after purchasing an additional 4,024 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of MasTec by 6.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 546,424 shares of the construction company's stock valued at $74,390,000 after purchasing an additional 33,332 shares during the last quarter. Institutional investors own 78.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MTZ. Barclays reiterated an "overweight" rating and set a $200.00 price objective (up from $145.00) on shares of MasTec in a research note on Monday, July 21st. TD Cowen upped their price target on MasTec from $175.00 to $195.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Wall Street Zen upgraded MasTec from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Jefferies Financial Group started coverage on MasTec in a research note on Friday, May 16th. They issued a "buy" rating and a $188.00 price target for the company. Finally, Roth Capital started coverage on MasTec in a research note on Tuesday, July 1st. They issued a "buy" rating and a $210.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $196.22.

MasTec Trading Up 0.9%

MTZ traded up $1.62 during trading on Thursday, reaching $181.12. The company had a trading volume of 389,204 shares, compared to its average volume of 1,030,180. The stock has a market cap of $14.29 billion, a P/E ratio of 53.62 and a beta of 1.81. The business has a 50 day simple moving average of $177.46 and a 200-day simple moving average of $150.39. MasTec, Inc. has a 52 week low of $96.01 and a 52 week high of $194.00. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70.

MasTec (NYSE:MTZ - Get Free Report) last issued 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. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. The business's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. 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 analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Transactions at MasTec

In other news, EVP Cardenas Alberto De sold 10,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $180.69, for a total transaction of $1,806,900.00. Following the transaction, the executive vice president owned 101,349 shares in the company, valued at approximately $18,312,750.81. This trade represents a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $175.00, for a total value of $1,750,000.00. Following the transaction, the chief operating officer owned 194,249 shares in the company, valued at approximately $33,993,575. This represents a 4.90% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.30% of the company's stock.

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.