Versor Investments LP Sells 3,453 Shares of MasTec, Inc. $MTZ

Key Points

• Versor Investments LP has reduced its holdings in MasTec, Inc. by 34.2%, now owning 6,636 shares valued at $774,000 as of the end of the first quarter.
• MasTec has seen a variety of institutional investments recently, with a total of 78.10% of the stock owned by hedge funds and institutional investors.
• Analysts have set new price targets for MasTec, with a consensus target price of $195.12 and the stock receiving mostly buy ratings from analysts.

Versor Investments LP cut its holdings in MasTec, Inc. (NYSE:MTZ - Free Report) by 34.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,636 shares of the construction company's stock after selling 3,453 shares during the quarter. Versor Investments LP's holdings in MasTec were worth $774,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MTZ. Brighton Jones LLC acquired a new stake in MasTec in the fourth quarter valued at about $227,000. Envestnet Asset Management Inc. boosted its stake in MasTec by 37.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 34,593 shares of the construction company's stock valued at $4,710,000 after buying an additional 9,434 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in MasTec in the fourth quarter valued at about $17,776,000. Rockefeller Capital Management L.P. boosted its holdings 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 acquiring an additional 105 shares in the last quarter. Finally, Mariner LLC boosted its holdings in shares of 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 acquiring an additional 457 shares in the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Trading Up 1.8%

NYSE:MTZ traded up $3.1070 during trading hours on Friday, hitting $176.7770. 777,672 shares of the company were exchanged, compared to its average volume of 1,100,845. The stock has a market capitalization of $13.95 billion, a price-to-earnings ratio of 52.30 and a beta of 1.83. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.70. MasTec, Inc. has a one year low of $96.01 and a one year high of $194.00. The company has a fifty day simple moving average of $174.98 and a 200 day simple moving average of $148.15.

MasTec (NYSE:MTZ - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the company posted $0.96 EPS. The business's quarterly 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. Sell-side analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Insider Transactions at MasTec

In other news, COO Robert E. Apple sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was 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 $33,993,575. The trade was a 4.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total value of $1,806,900.00. Following the completion of the transaction, the executive vice president 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 disclosure for this sale can be found here. 21.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MTZ has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on MasTec in a report on Friday, May 16th. They set a "buy" rating and a $188.00 price objective on the stock. Guggenheim reissued a "buy" rating and set a $195.00 price objective on shares of MasTec in a report on Monday, May 5th. Truist Financial set a $209.00 price objective on MasTec in a report on Monday, August 4th. Wall Street Zen raised MasTec from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 2nd. Finally, Piper Sandler raised their price objective on MasTec from $134.00 to $175.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $195.12.

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.