D. E. Shaw & Co. Inc. Has $9.92 Million Stock Holdings in MasTec, Inc. (NYSE:MTZ)

D. E. Shaw & Co. Inc. increased its position in shares of MasTec, Inc. (NYSE:MTZ) by 178.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,874 shares of the construction company’s stock after acquiring an additional 46,725 shares during the period. D. E. Shaw & Co. Inc. owned about 0.09% of MasTec worth $9,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MTZ. Ameliora Wealth Management Ltd. purchased a new stake in shares of MasTec during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC increased its holdings in MasTec by 181.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock worth $25,000 after buying an additional 116 shares during the last quarter. Colonial Trust Co SC raised its position in MasTec by 335.7% during the fourth quarter. Colonial Trust Co SC now owns 183 shares of the construction company’s stock valued at $25,000 after acquiring an additional 141 shares in the last quarter. Smartleaf Asset Management LLC raised its position in MasTec by 93.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock valued at $36,000 after acquiring an additional 128 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in MasTec by 162.4% in the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock valued at $42,000 after acquiring an additional 190 shares during the last quarter. Institutional investors and hedge funds own 78.10% of the company’s stock.

MasTec Trading Up 0.5%

MasTec stock opened at $157.52 on Thursday. The business has a 50 day moving average price of $124.39 and a two-hundred day moving average price of $133.95. 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, Inc. has a 12 month low of $89.96 and a 12 month high of $166.95. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 140.64 and a beta of 1.71.

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

Insider Transactions at MasTec

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $153.89, for a total value of $461,670.00. Following the completion of the transaction, the director now owns 39,782 shares of the company’s stock, valued at $6,122,051.98. This represents a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $131.63, for a total value of $331,312.71. Following the sale, the director now directly owns 23,000 shares in the company, valued at $3,027,490. The trade was a 9.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MTZ shares. Robert W. Baird dropped their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Wolfe Research started coverage on MasTec in a report on Monday, March 31st. They set a “peer perform” rating on the stock. Barclays upped their price target on MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Piper Sandler increased their price objective on MasTec from $134.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Finally, Truist Financial boosted their target price on MasTec from $154.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.33.

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.