Quantbot Technologies LP Takes $3.42 Million Position in MasTec, Inc. $MTZ

Quantbot Technologies LP acquired a new stake in MasTec, Inc. (NYSE:MTZ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,217 shares of the construction company’s stock, valued at approximately $3,419,000.

Several other institutional investors have also modified their holdings of MTZ. BlackRock Inc. acquired a new position in MasTec during the second quarter worth about $3,178,069,000. Victory Capital Management Inc. lifted its holdings in MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after acquiring an additional 1,690,896 shares during the last quarter. Peconic Partners LLC lifted its holdings in MasTec by 113.3% in the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock valued at $347,792,000 after acquiring an additional 850,000 shares during the last quarter. Coatue Management LLC bought a new position in shares of MasTec during the 4th quarter valued at about $147,357,000. Finally, Bank of New York Mellon Corp bought a new position in shares of MasTec during the 2nd quarter valued at about $280,544,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Buying and Selling

In other MasTec news, Director Ernst N. Csiszar sold 6,500 shares of MasTec stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $371.17, for a total value of $2,412,605.00. Following the transaction, the director directly owned 10,816 shares of the company’s stock, valued at $4,014,574.72. The trade was a 37.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 21.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MTZ. Jefferies Financial Group reiterated a “buy” rating and issued a $493.00 target price on shares of MasTec in a report on Monday, May 4th. Weiss Ratings lowered MasTec from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Wall Street Zen cut MasTec from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Mizuho cut their price objective on MasTec from $502.00 to $457.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Finally, Cantor Fitzgerald upped their price target on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $427.32.

MasTec Stock Up 0.2%

MTZ stock opened at $266.89 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.40 and a quick ratio of 1.37. MasTec, Inc. has a 52-week low of $171.05 and a 52-week high of $441.43. The company has a 50-day moving average of $337.60 and a two-hundred day moving average of $337.62. The stock has a market capitalization of $21.43 billion, a price-to-earnings ratio of 42.57 and a beta of 1.82.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.01). The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.30 billion. MasTec had a net margin of 3.07% and a return on equity of 18.08%. The company’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.49 earnings per share. MasTec has set its Q3 2026 guidance at 2.980-2.980 EPS and its FY 2026 guidance at 9.300-9.300 EPS. As a group, equities research analysts anticipate that MasTec, Inc. will post 8.91 EPS for the current year.

MasTec Company Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.