Vontobel Holding Ltd. Lowers Holdings in MasTec, Inc. $MTZ

Vontobel Holding Ltd. decreased its stake in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 21.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,056 shares of the construction company's stock after selling 54,112 shares during the quarter. Vontobel Holding Ltd. owned about 0.25% of MasTec worth $33,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. LPL Financial LLC grew its position in MasTec by 535.1% during the 1st quarter. LPL Financial LLC now owns 130,314 shares of the construction company's stock valued at $15,209,000 after purchasing an additional 109,794 shares during the last quarter. KBC Group NV lifted its stake in shares of MasTec by 10.6% in the first quarter. KBC Group NV now owns 2,773 shares of the construction company's stock worth $324,000 after buying an additional 266 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of MasTec by 33.1% in the first quarter. Voya Investment Management LLC now owns 46,446 shares of the construction company's stock worth $5,421,000 after buying an additional 11,551 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of MasTec by 37.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,410 shares of the construction company's stock worth $1,915,000 after buying an additional 4,469 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in MasTec by 43.6% in the 1st quarter. GAMMA Investing LLC now owns 915 shares of the construction company's stock worth $107,000 after acquiring an additional 278 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MasTec

In other MasTec news, COO Robert E. Apple sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $200.44, for a total transaction of $2,004,400.00. Following the sale, the chief operating officer directly owned 184,249 shares of the company's stock, valued at $36,930,869.56. This trade represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Cardenas Alberto De sold 10,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 101,349 shares in the company, valued at approximately $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock valued at $6,553,250 over the last ninety days. 21.30% of the stock is currently owned by company insiders.

MasTec Trading Up 2.8%

MasTec stock opened at $218.86 on Thursday. The firm has a 50 day moving average of $190.02 and a 200 day moving average of $163.41. The firm has a market capitalization of $17.27 billion, a price-to-earnings ratio of 64.75 and a beta of 1.82. MasTec, Inc. has a 12-month low of $99.70 and a 12-month high of $221.83. 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 (NYSE:MTZ - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.08. The business 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 company's revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, research analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on MTZ. Stifel Nicolaus lifted their target price on MasTec from $181.00 to $198.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Baird R W upgraded MasTec from a "hold" rating to a "strong-buy" rating in a report on Monday, August 4th. Mizuho began coverage on shares of MasTec in a report on Thursday, September 4th. They set an "outperform" rating and a $215.00 price target on the stock. Wolfe Research raised shares of MasTec from a "peer perform" rating to an "outperform" rating and set a $227.00 price target on the stock in a report on Wednesday, September 17th. Finally, UBS Group increased their price objective on shares of MasTec from $206.00 to $252.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $212.42.

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.

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