MasTec, Inc. (NYSE:MTZ) is Decade Renewable Partners LP's 8th Largest Position

Decade Renewable Partners LP cut its position in shares of MasTec, Inc. (NYSE:MTZ - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,335 shares of the construction company's stock after selling 4,370 shares during the period. MasTec accounts for 4.7% of Decade Renewable Partners LP's holdings, making the stock its 8th biggest position. Decade Renewable Partners LP owned about 0.09% of MasTec worth $9,575,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allworth Financial LP increased its holdings in MasTec by 15.1% in the 4th quarter. Allworth Financial LP now owns 596 shares of the construction company's stock worth $81,000 after acquiring an additional 78 shares in the last quarter. Arizona State Retirement System raised its position in shares of MasTec by 0.5% during the 4th quarter. Arizona State Retirement System now owns 18,393 shares of the construction company's stock worth $2,504,000 after purchasing an additional 89 shares during the last quarter. Fielder Capital Group LLC lifted its stake in MasTec by 6.1% in the 4th quarter. Fielder Capital Group LLC now owns 1,816 shares of the construction company's stock valued at $247,000 after buying an additional 105 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in MasTec by 0.8% in 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 buying an additional 105 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in MasTec by 29.8% during the 4th quarter. UMB Bank n.a. now owns 492 shares of the construction company's stock worth $67,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 78.10% of the company's stock.

MasTec Stock Performance

Shares of NYSE:MTZ opened at $125.09 on Monday. The firm has a market capitalization of $9.89 billion, a PE ratio of 111.69 and a beta of 1.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. MasTec, Inc. has a 12 month low of $86.12 and a 12 month high of $166.95. The business has a 50-day moving average of $120.35 and a two-hundred day moving average of $132.52.

MasTec (NYSE:MTZ - Get Free Report) last issued its earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.08. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a return on equity of 8.27% and a net margin of 0.73%. As a group, research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $131.63, for a total transaction of $331,312.71. Following the transaction, the director now directly owns 23,000 shares of the company's stock, valued at $3,027,490. The trade was a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 21.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MTZ shares. Barclays raised their price target on shares of MasTec from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on MasTec from $175.00 to $143.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Guggenheim reissued a "buy" rating and set a $195.00 price objective on shares of MasTec in a research note on Tuesday, March 25th. Piper Sandler began coverage on MasTec in a report on Tuesday, April 8th. They set an "overweight" rating and a $134.00 price target on the stock. Finally, Wolfe Research assumed coverage on shares of MasTec in a report on Monday, March 31st. They issued a "peer perform" rating for the company. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $151.00.

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.

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