MasTec, Inc. $MTZ Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd trimmed its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 42.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,334 shares of the construction company’s stock after selling 21,261 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in MasTec were worth $6,159,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Atom Investors LP acquired a new position in shares of MasTec during the 4th quarter worth approximately $1,916,000. Captrust Financial Advisors raised its stake in shares of MasTec by 1.5% during the 4th quarter. Captrust Financial Advisors now owns 8,998 shares of the construction company’s stock worth $1,956,000 after buying an additional 135 shares during the period. &PARTNERS raised its stake in shares of MasTec by 11.9% during the 4th quarter. &PARTNERS now owns 2,708 shares of the construction company’s stock worth $589,000 after buying an additional 288 shares during the period. Graham Capital Management L.P. acquired a new position in shares of MasTec during the 4th quarter worth approximately $978,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of MasTec by 14.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 6,741 shares of the construction company’s stock worth $1,465,000 after buying an additional 861 shares during the period. 78.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MasTec

In related news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This represents a 8.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total value of $2,412,605.00. Following the completion of the transaction, the director directly owned 10,816 shares of the company’s stock, valued at approximately $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 10,450 shares of company stock valued at $3,972,764. 21.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MTZ shares. Barclays upped their target price on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. UBS Group upped their target price on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Guggenheim raised MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price for the company in a research note on Wednesday, May 13th. Finally, Mizuho increased their price objective on MasTec from $428.00 to $498.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $459.28.

MasTec Stock Down 0.6%

NYSE MTZ opened at $369.44 on Wednesday. The business has a fifty day moving average price of $379.62 and a 200 day moving average price of $300.80. MasTec, Inc. has a one year low of $159.98 and a one year high of $441.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. The company has a market cap of $29.19 billion, a P/E ratio of 64.70 and a beta of 1.78.

MasTec (NYSE:MTZ) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating the consensus estimate of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 34.5% compared to the same quarter last year. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Research analysts anticipate that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.