MasTec, Inc. (NYSE:MTZ) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in shares of MasTec, Inc. (NYSE:MTZ) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,835 shares of the construction company’s stock after purchasing an additional 105 shares during the period. Rockefeller Capital Management L.P.’s holdings in MasTec were worth $1,883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of MasTec during the third quarter valued at about $25,000. Ameliora Wealth Management Ltd. purchased a new position in MasTec in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its stake in 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 purchasing an additional 116 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in MasTec by 93.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock worth $36,000 after purchasing an additional 128 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of MasTec by 162.4% in the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock valued at $42,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

MasTec Trading Down 1.2 %

Shares of NYSE:MTZ opened at $115.97 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $122.14 and its 200 day moving average price is $132.85. The company has a market cap of $9.17 billion, a PE ratio of 103.55 and a beta of 1.62. MasTec, Inc. has a fifty-two week low of $83.04 and a fifty-two week high of $166.95.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.08. MasTec had a return on equity of 8.27% and a net margin of 0.73%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Sell-side analysts anticipate that MasTec, Inc. will post 3.44 earnings per share for the current year.

Analysts Set New Price Targets

MTZ has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Barclays boosted their target price on shares of MasTec from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Truist Financial reduced their price target on shares of MasTec from $197.00 to $154.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. KeyCorp lowered their price objective on MasTec from $168.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler began coverage on MasTec in a report on Tuesday, April 8th. They set an “overweight” rating and a $134.00 target price on the stock. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.00.

Insider Activity

In other news, Director Ernst N. Csiszar sold 2,517 shares of the 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 completion of the transaction, the director now directly owns 23,000 shares in the company, valued at $3,027,490. This trade represents a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 21.30% of the company’s stock.

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.