GS Investments Inc. Has $4.44 Million Holdings in MasTec, Inc. (NYSE:MTZ)

GS Investments Inc. cut its holdings in MasTec, Inc. (NYSE:MTZ) by 5.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,630 shares of the construction company’s stock after selling 1,940 shares during the quarter. MasTec accounts for about 2.0% of GS Investments Inc.’s portfolio, making the stock its 21st biggest position. GS Investments Inc.’s holdings in MasTec were worth $4,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTZ. Pacer Advisors Inc. increased its stake in shares of MasTec by 65.6% during the 3rd quarter. Pacer Advisors Inc. now owns 2,260,865 shares of the construction company’s stock worth $278,312,000 after purchasing an additional 895,227 shares during the last quarter. State Street Corp grew its holdings in MasTec by 1.4% in the 3rd quarter. State Street Corp now owns 1,823,967 shares of the construction company’s stock valued at $224,530,000 after buying an additional 24,522 shares in the last quarter. Geode Capital Management LLC increased its position in MasTec by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,026,295 shares of the construction company’s stock worth $126,370,000 after acquiring an additional 16,844 shares during the period. Point72 Asset Management L.P. raised its position 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. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of MasTec by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 630,315 shares of the construction company’s stock worth $77,592,000 after purchasing an additional 7,469 shares in the last quarter. 78.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MTZ has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of MasTec from $154.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, January 28th. Truist Financial upped their target price on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Barclays raised their price objective on MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Robert W. Baird dropped their target price on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Finally, Guggenheim started coverage on shares of MasTec in a report on Wednesday, January 8th. They set a “buy” rating and a $195.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $160.07.

MasTec Stock Performance

MTZ stock opened at $125.97 on Thursday. The business has a 50 day moving average of $136.38 and a 200-day moving average of $132.44. The firm has a market cap of $9.99 billion, a PE ratio of 112.47 and a beta of 1.74. MasTec, Inc. has a 12-month low of $82.29 and a 12-month high of $166.95. 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 (NYSE:MTZ) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.08. MasTec had a net margin of 0.73% and a return on equity of 8.27%. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.32 billion. As a group, sell-side analysts expect that MasTec, Inc. will post 3.44 earnings per share for the current year.

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.