MasTec, Inc. (NYSE:MTZ) Position Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 308,174 shares of the construction company’s stock after selling 34,144 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MasTec were worth $41,955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. iSAM Funds UK Ltd bought a new position in shares of MasTec during the 4th quarter valued at about $649,000. Virtus Fund Advisers LLC grew its holdings in shares of MasTec by 171.6% in the 4th quarter. Virtus Fund Advisers LLC now owns 869 shares of the construction company’s stock worth $118,000 after acquiring an additional 549 shares during the last quarter. Virtus Investment Advisers Inc. grew its holdings in shares of MasTec by 164.2% in the 4th quarter. Virtus Investment Advisers Inc. now owns 4,306 shares of the construction company’s stock worth $586,000 after acquiring an additional 2,676 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of MasTec by 21.2% in the 4th quarter. Two Sigma Advisers LP now owns 74,200 shares of the construction company’s stock worth $10,102,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new position in shares of MasTec in the 4th quarter worth $323,000. Institutional investors own 78.10% of the company’s stock.

MasTec Trading Up 1.2%

Shares of NYSE:MTZ opened at $152.54 on Monday. The firm has a fifty day moving average of $129.66 and a two-hundred day moving average of $135.24. The firm has a market capitalization of $12.04 billion, a P/E ratio of 136.19 and a beta of 1.71. MasTec, Inc. has a 12-month low of $89.96 and a 12-month high of $166.95. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, May 1st. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.17. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.71 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.13) EPS. On average, equities analysts expect that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MTZ has been the topic of a number of recent research reports. Piper Sandler lifted their target price on MasTec from $134.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. B. Riley restated a “buy” rating and set a $165.00 price target (up previously from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Robert W. Baird cut their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Guggenheim restated a “buy” rating and set a $195.00 price target on shares of MasTec in a report on Monday, May 5th. Finally, KeyCorp boosted their price target on shares of MasTec from $140.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.06.

Insider Activity at MasTec

In related news, Director Ernst N. Csiszar sold 2,517 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $131.63, for a total value of $331,312.71. Following the completion of the sale, the director now owns 23,000 shares of the company’s stock, valued at approximately $3,027,490. The trade was a 9.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director C Robert Campbell sold 3,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $153.89, for a total transaction of $461,670.00. Following the transaction, the director now directly owns 39,782 shares in the company, valued at $6,122,051.98. The trade was a 7.01% 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 company insiders.

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.