Ardsley Advisory Partners LP Sells 20,250 Shares of MasTec, Inc. (NYSE:MTZ)

Ardsley Advisory Partners LP trimmed its holdings in MasTec, Inc. (NYSE:MTZ) by 37.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,000 shares of the construction company’s stock after selling 20,250 shares during the quarter. Ardsley Advisory Partners LP’s holdings in MasTec were worth $4,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameliora Wealth Management Ltd. bought a new stake in MasTec in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC raised its position in shares of MasTec by 181.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after buying an additional 116 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of MasTec in the third quarter valued at about $25,000. Smartleaf Asset Management LLC grew 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 worth $36,000 after buying an additional 128 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in MasTec by 162.4% during 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 period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Buying and Selling

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 transaction of $331,312.71. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. 21.30% of the stock is owned by corporate insiders.

MasTec Stock Performance

NYSE:MTZ opened at $141.07 on Friday. The stock has a market capitalization of $11.15 billion, a P/E ratio of 125.96 and a beta of 1.71. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.76. MasTec, Inc. has a 1 year low of $89.96 and a 1 year high of $166.95. The firm has a 50 day moving average of $120.52 and a 200-day moving average of $132.61.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on MTZ shares. Guggenheim reiterated a “buy” rating and issued a $195.00 price objective on shares of MasTec in a research report on Tuesday, March 25th. Robert W. Baird reduced their target price on MasTec from $162.00 to $153.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Stifel Nicolaus lowered their price target on shares of MasTec from $175.00 to $143.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. KeyCorp reduced their price objective on shares of MasTec from $168.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, B. Riley reissued a “buy” rating and issued a $165.00 target price (up previously from $151.00) on shares of MasTec in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, MasTec has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

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.