MasTec, Inc. (NYSE:MTZ) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its stake in MasTec, Inc. (NYSE:MTZ - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,878 shares of the construction company's stock after acquiring an additional 35,638 shares during the period. Trexquant Investment LP owned 0.17% of MasTec worth $17,954,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MTZ. Ameliora Wealth Management Ltd. bought a new position in shares of MasTec in the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC grew its position in shares of MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company's stock valued at $25,000 after acquiring an additional 116 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of MasTec during the 3rd quarter valued at $25,000. Smartleaf Asset Management LLC raised its stake in MasTec by 93.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company's stock valued at $36,000 after purchasing an additional 128 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of MasTec by 162.4% in the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company's stock worth $42,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MTZ shares. Stifel Nicolaus reduced their target price on shares of MasTec from $185.00 to $175.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Barclays upped their price objective on MasTec from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Citigroup boosted their target price on MasTec from $156.00 to $167.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Truist Financial raised their price target on MasTec from $173.00 to $189.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, Guggenheim reiterated a "buy" rating and set a $195.00 price objective on shares of MasTec in a research report on Tuesday, March 25th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.07.

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Insiders Place Their Bets

In other news, Director Ernst N. Csiszar sold 2,517 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $131.63, for a total transaction of $331,312.71. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 21.30% of the company's stock.

MasTec Stock Down 5.5 %

MasTec stock traded down $6.13 during trading hours on Friday, reaching $105.87. The stock had a trading volume of 2,165,647 shares, compared to its average volume of 920,211. The company has a market cap of $8.39 billion, a price-to-earnings ratio of 94.53 and a beta of 1.74. The business's 50 day moving average price is $128.35 and its 200-day moving average price is $133.56. MasTec, Inc. has a 52 week low of $82.29 and a 52 week high of $166.95. 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 (NYSE:MTZ - Get Free Report) last posted its earnings results on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.08. The company had revenue of $3.40 billion during the quarter, compared to analysts' expectations of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. Sell-side analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current year.

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.