Oak Thistle LLC Has $455,000 Holdings in MasTec, Inc. (NYSE:MTZ)

Oak Thistle LLC decreased its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 58.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,882 shares of the construction company’s stock after selling 6,779 shares during the quarter. Oak Thistle LLC’s holdings in MasTec were worth $455,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Bouvel Investment Partners LLC boosted its stake in shares of MasTec by 2.5% during the 1st quarter. Bouvel Investment Partners LLC now owns 19,999 shares of the construction company’s stock worth $1,865,000 after buying an additional 494 shares during the last quarter. Bridge City Capital LLC grew its stake in MasTec by 0.8% in the first quarter. Bridge City Capital LLC now owns 33,010 shares of the construction company’s stock valued at $3,078,000 after purchasing an additional 249 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of MasTec by 41.2% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 4,222 shares of the construction company’s stock worth $320,000 after purchasing an additional 1,231 shares during the last quarter. MONECO Advisors LLC raised its stake in shares of MasTec by 4.8% during the 4th quarter. MONECO Advisors LLC now owns 3,293 shares of the construction company’s stock worth $249,000 after purchasing an additional 150 shares in the last quarter. Finally, Electron Capital Partners LLC boosted its holdings in shares of MasTec by 16.1% in the 4th quarter. Electron Capital Partners LLC now owns 1,725,209 shares of the construction company’s stock valued at $130,633,000 after buying an additional 238,874 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

Insider Buying and Selling at MasTec

In other news, Director Javier Alberto Palomarez sold 2,850 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $106.67, for a total transaction of $304,009.50. Following the transaction, the director now directly owns 10,666 shares of the company’s stock, valued at $1,137,742.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director C Robert Campbell sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $110.00, for a total transaction of $220,000.00. Following the completion of the sale, the director now directly owns 50,725 shares in the company, valued at approximately $5,579,750. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Javier Alberto Palomarez sold 2,850 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $106.67, for a total value of $304,009.50. Following the sale, the director now directly owns 10,666 shares in the company, valued at $1,137,742.22. The disclosure for this sale can be found here. Insiders own 21.30% of the company’s stock.

MasTec Stock Performance

MTZ opened at $103.00 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.31 and a quick ratio of 1.27. The business has a fifty day simple moving average of $105.24 and a 200 day simple moving average of $87.66. MasTec, Inc. has a 1 year low of $44.65 and a 1 year high of $123.33. The company has a market capitalization of $8.18 billion, a PE ratio of -735.71 and a beta of 1.65.

MasTec (NYSE:MTZ) last announced its earnings results on Thursday, May 2nd. The construction company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.33. MasTec had a negative net margin of 0.09% and a positive return on equity of 6.19%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Research analysts expect that MasTec, Inc. will post 2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MTZ. Truist Financial restated a “hold” rating and set a $109.00 target price (up from $96.00) on shares of MasTec in a report on Monday, May 6th. StockNews.com raised shares of MasTec from a “hold” rating to a “buy” rating in a report on Monday, May 6th. The Goldman Sachs Group lifted their price target on MasTec from $88.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. TD Cowen boosted their price target on MasTec from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Craig Hallum raised their price objective on MasTec from $96.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, MasTec has a consensus rating of “Moderate Buy” and an average target price of $116.23.

MasTec 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.