Intrust Bank NA Decreases Stake in MasTec, Inc. (NYSE:MTZ)

Intrust Bank NA cut its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,676 shares of the construction company’s stock after selling 344 shares during the period. Intrust Bank NA’s holdings in MasTec were worth $500,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in MasTec during the third quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. bought a new stake in shares of MasTec during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its holdings in MasTec by 181.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after acquiring an additional 116 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of MasTec by 93.4% in 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 raised its holdings in shares of MasTec by 162.4% during the 4th quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock worth $42,000 after acquiring an additional 190 shares in the last quarter. 78.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MasTec

In related news, Director Ernst N. Csiszar sold 2,517 shares of MasTec stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $131.63, for a total transaction of $331,312.71. Following the completion of the sale, the director now owns 23,000 shares of the company’s stock, valued at $3,027,490. The trade was a 9.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 21.30% of the company’s stock.

MasTec Stock Performance

MTZ opened at $115.22 on Friday. The company has a market cap of $9.14 billion, a P/E ratio of 102.87 and a beta of 1.74. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average price is $132.73 and its 200-day moving average price is $133.45. MasTec, Inc. has a 52-week low of $82.29 and a 52-week high of $166.95.

MasTec (NYSE:MTZ) last issued its quarterly earnings results on Thursday, February 27th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $3.32 billion. As a group, equities analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial lifted their target price on MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. B. Riley reiterated a “buy” rating and set a $165.00 price target (up from $151.00) on shares of MasTec in a report on Wednesday, March 19th. Stifel Nicolaus reduced their price objective on shares of MasTec from $185.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Barclays boosted their target price on MasTec from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird reduced their price target on MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.07.

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.