11,327 Shares in MasTec, Inc. $MTZ Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new position in MasTec, Inc. (NYSE:MTZ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,327 shares of the construction company’s stock, valued at approximately $1,930,000.

A number of other large investors have also recently added to or reduced their stakes in MTZ. Parkside Financial Bank & Trust lifted its holdings in shares of MasTec by 253.7% in the second quarter. Parkside Financial Bank & Trust now owns 191 shares of the construction company’s stock valued at $33,000 after purchasing an additional 137 shares in the last quarter. Los Angeles Capital Management LLC raised its position in MasTec by 45.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 58,823 shares of the construction company’s stock valued at $10,025,000 after buying an additional 18,516 shares during the last quarter. AGF Management Ltd. bought a new stake in MasTec in the 2nd quarter valued at approximately $9,347,000. Fox Run Management L.L.C. acquired a new position in MasTec during the 2nd quarter worth approximately $515,000. Finally, Penserra Capital Management LLC acquired a new position in MasTec during the 2nd quarter worth approximately $240,000. Institutional investors own 78.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $190.39, for a total transaction of $571,170.00. Following the completion of the transaction, the director directly owned 35,277 shares in the company, valued at approximately $6,716,388.03. The trade was a 7.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Timothy Michael Love sold 1,929 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $206.15, for a total value of $397,663.35. Following the transaction, the chief accounting officer directly owned 9,757 shares in the company, valued at $2,011,405.55. The trade was a 16.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,929 shares of company stock valued at $3,394,013 over the last 90 days. 21.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of MasTec from $218.00 to $252.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Truist Financial lifted their price target on shares of MasTec from $248.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Mizuho set a $254.00 price target on shares of MasTec in a research report on Monday, November 3rd. Citigroup increased their price objective on shares of MasTec from $219.00 to $248.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, UBS Group raised their price objective on MasTec from $206.00 to $252.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $229.44.

MasTec Stock Performance

Shares of MTZ stock opened at $201.13 on Tuesday. The stock has a market cap of $15.87 billion, a P/E ratio of 59.51 and a beta of 1.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.19. The company has a fifty day moving average price of $201.60 and a two-hundred day moving average price of $178.63. MasTec, Inc. has a one year low of $99.70 and a one year high of $224.03.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.17. The company had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.90 billion. MasTec had a net margin of 2.04% and a return on equity of 12.71%. MasTec’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS. MasTec has set its FY 2025 guidance at 6.400-6.400 EPS. As a group, equities analysts predict that MasTec, Inc. will post 3.44 EPS for the current year.

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.