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

Trexquant Investment LP boosted its holdings in MasTec, Inc. (NYSE:MTZ) by 37.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,878 shares of the construction company’s stock after acquiring an additional 35,638 shares during the quarter. Trexquant Investment LP owned about 0.17% of MasTec worth $17,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership acquired a new position in shares of MasTec in the 4th quarter worth approximately $59,910,000. Jacobs Levy Equity Management Inc. grew its position in MasTec by 266.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 397,467 shares of the construction company’s stock worth $48,928,000 after buying an additional 289,090 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in shares of MasTec by 57.7% in the third quarter. Point72 Asset Management L.P. now owns 764,389 shares of the construction company’s stock valued at $94,096,000 after buying an additional 279,778 shares in the last quarter. Barclays PLC increased its holdings in shares of MasTec by 642.7% in the third quarter. Barclays PLC now owns 242,066 shares of the construction company’s stock valued at $29,797,000 after buying an additional 209,472 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of MasTec by 52.4% during the 4th quarter. Prudential Financial Inc. now owns 405,187 shares of the construction company’s stock valued at $55,162,000 after acquiring an additional 139,235 shares during the last quarter. 78.10% of the stock is owned by institutional investors and hedge funds.

MasTec Stock Performance

Shares of MTZ stock opened at $118.37 on Wednesday. MasTec, Inc. has a fifty-two week low of $82.29 and a fifty-two week high of $166.95. The stock’s 50-day moving average is $131.11 and its two-hundred day moving average is $133.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. The firm has a market cap of $9.39 billion, a P/E ratio of 105.69 and a beta of 1.74.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. The firm had revenue of $3.40 billion for 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%. Analysts predict that MasTec, Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTZ. Wolfe Research initiated coverage on MasTec in a research report on Monday. They set a “peer perform” rating on the stock. KeyCorp boosted their price objective on MasTec from $153.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Guggenheim reaffirmed a “buy” rating and set a $195.00 price objective on shares of MasTec in a research note on Tuesday, March 25th. Citigroup lifted their target price on shares of MasTec from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Truist Financial upped their price target on shares of MasTec from $173.00 to $189.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $160.07.

Insider Activity

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

About MasTec

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.