Xponance Inc. Buys 268 Shares of MasTec, Inc. (NYSE:MTZ)

Xponance Inc. lifted its stake in MasTec, Inc. (NYSE:MTZ) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,544 shares of the construction company’s stock after buying an additional 268 shares during the quarter. Xponance Inc.’s holdings in MasTec were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MTZ. Pacer Advisors Inc. raised its stake in MasTec by 15,067.0% during the 2nd quarter. Pacer Advisors Inc. now owns 1,365,638 shares of the construction company’s stock worth $146,110,000 after acquiring an additional 1,356,634 shares during the period. D1 Capital Partners L.P. bought a new stake in shares of MasTec during the 2nd quarter valued at $79,494,000. Point72 Asset Management L.P. lifted its stake in shares of MasTec by 96.4% during the 4th quarter. Point72 Asset Management L.P. now owns 1,022,700 shares of the construction company’s stock valued at $77,439,000 after buying an additional 502,039 shares in the last quarter. Hood River Capital Management LLC boosted its holdings in MasTec by 59.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,194,250 shares of the construction company’s stock worth $127,773,000 after buying an additional 446,762 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its holdings in MasTec by 42.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,041,868 shares of the construction company’s stock worth $78,890,000 after buying an additional 312,991 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTZ has been the subject of several research analyst reports. DA Davidson increased their target price on MasTec from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. B. Riley increased their price objective on shares of MasTec from $132.00 to $134.00 and gave the company a “buy” rating in a report on Monday, August 5th. Citigroup upped their target price on shares of MasTec from $118.00 to $122.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Stifel Nicolaus lifted their price target on shares of MasTec from $120.00 to $121.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Truist Financial reissued a “hold” rating and set a $112.00 price objective (up previously from $109.00) on shares of MasTec in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.50.

MasTec Stock Up 0.1 %

Shares of NYSE:MTZ opened at $122.80 on Friday. The company has a market cap of $9.76 billion, a price-to-earnings ratio of -877.14 and a beta of 1.70. MasTec, Inc. has a 12 month low of $44.65 and a 12 month high of $127.97. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $110.53 and a 200 day moving average price of $103.67.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.09. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.09 billion. MasTec had a return on equity of 6.42% and a net margin of 0.06%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS. As a group, equities research analysts predict that MasTec, Inc. will post 2.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total value of $348,780.00. Following the sale, the director now owns 48,173 shares of the company’s stock, valued at $5,600,592.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $116.26, for a total transaction of $348,780.00. Following the transaction, the director now directly owns 48,173 shares in the company, valued at approximately $5,600,592.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert E. Apple sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $126.27, for a total transaction of $2,525,400.00. Following the completion of the sale, the chief operating officer now directly owns 217,202 shares of the company’s stock, valued at approximately $27,426,096.54. The disclosure for this sale can be found here. 21.30% of the stock is owned by insiders.

MasTec 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.