Ieq Capital LLC Sells 6,975 Shares of MasTec, Inc. $MTZ

Ieq Capital LLC trimmed its stake in shares of MasTec, Inc. (NYSE:MTZ) by 19.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 29,681 shares of the construction company’s stock after selling 6,975 shares during the quarter. Ieq Capital LLC’s holdings in MasTec were worth $3,464,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hill City Capital LP grew its position in MasTec by 0.7% during the 1st quarter. Hill City Capital LP now owns 2,145,000 shares of the construction company’s stock worth $250,343,000 after acquiring an additional 15,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in MasTec by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,219,695 shares of the construction company’s stock worth $142,331,000 after acquiring an additional 39,622 shares during the last quarter. Balyasny Asset Management L.P. grew its position in MasTec by 137.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 627,670 shares of the construction company’s stock worth $85,451,000 after acquiring an additional 363,502 shares during the last quarter. Bank of New York Mellon Corp grew its position in MasTec by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 560,710 shares of the construction company’s stock worth $65,440,000 after acquiring an additional 4,024 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in MasTec by 6.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 546,424 shares of the construction company’s stock worth $74,390,000 after acquiring an additional 33,332 shares during the last quarter. 78.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Truist Financial set a $209.00 price objective on MasTec in a research report on Monday, August 4th. The Goldman Sachs Group lifted their price objective on MasTec from $195.00 to $227.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Citigroup cut their price objective on MasTec from $220.00 to $219.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. lifted their price objective on MasTec from $180.00 to $214.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded MasTec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $195.12.

Insider Activity at MasTec

In related news, COO Robert E. Apple sold 10,000 shares of MasTec stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $175.00, for a total transaction of $1,750,000.00. Following the sale, the chief operating officer directly owned 194,249 shares in the company, valued at $33,993,575. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Cardenas Alberto De sold 10,000 shares of MasTec stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $180.69, for a total value of $1,806,900.00. Following the sale, the executive vice president owned 101,349 shares in the company, valued at $18,312,750.81. This represents a 8.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.30% of the company’s stock.

MasTec Trading Down 1.4%

NYSE MTZ opened at $181.89 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.70. MasTec, Inc. has a twelve month low of $96.01 and a twelve month high of $194.00. The firm has a market capitalization of $14.35 billion, a PE ratio of 53.81 and a beta of 1.83. The stock’s 50 day moving average is $176.73 and its 200 day moving average is $149.57.

MasTec (NYSE:MTZ) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.08. MasTec had a return on equity of 12.71% and a net margin of 2.04%.The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. MasTec has set its Q3 2025 guidance at 2.280-2.280 EPS. FY 2025 guidance at 6.230-6.440 EPS. Research analysts forecast that MasTec, Inc. will post 3.44 earnings per share for the current fiscal 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.