Vontobel Holding Ltd. Sells 34,781 Shares of MasTec, Inc. $MTZ

Vontobel Holding Ltd. lessened its holdings in MasTec, Inc. (NYSE:MTZ) by 17.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 162,028 shares of the construction company’s stock after selling 34,781 shares during the quarter. Vontobel Holding Ltd.’s holdings in MasTec were worth $35,220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of MTZ. Victory Capital Management Inc. grew its position in MasTec by 9,550.8% in the 3rd quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock valued at $201,295,000 after acquiring an additional 936,747 shares during the last quarter. 140 Summer Partners LP bought a new position in MasTec in the 3rd quarter valued at $81,514,000. First Trust Advisors LP grew its position in MasTec by 52.1% in the 3rd quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after acquiring an additional 350,228 shares during the last quarter. Merewether Investment Management LP grew its position in MasTec by 59.8% in the 3rd quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock valued at $184,557,000 after acquiring an additional 324,500 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in MasTec by 71.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 732,886 shares of the construction company’s stock valued at $155,965,000 after acquiring an additional 304,358 shares during the last quarter. Institutional investors own 78.10% of the company’s stock.

MasTec Price Performance

Shares of MTZ stock opened at $362.63 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.28 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $28.66 billion, a price-to-earnings ratio of 63.51 and a beta of 1.77. MasTec, Inc. has a twelve month low of $159.77 and a twelve month high of $441.43. The stock has a fifty day simple moving average of $378.24 and a two-hundred day simple moving average of $297.85.

MasTec (NYSE:MTZ) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The firm’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. On average, analysts predict that MasTec, Inc. will post 8.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on MTZ. UBS Group upped their target price on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Weiss Ratings upgraded MasTec from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Zacks Research upgraded MasTec from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. Guggenheim upgraded MasTec from a “neutral” rating to a “buy” rating and set a $480.00 target price for the company in a report on Wednesday, May 13th. Finally, CICC Research began coverage on MasTec in a report on Thursday, May 21st. They issued an “outperform” rating and a $480.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $459.28.

Insider Buying and Selling

In related news, Director C Robert Campbell sold 3,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the sale, the director directly owned 30,646 shares in the company, valued at $12,779,382. This represents a 8.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the company’s stock in a transaction 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 sale, the director owned 10,816 shares of the company’s stock, valued at $4,014,574.72. This trade represents a 37.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,450 shares of company stock worth $3,972,764 in the last three months. 21.40% of the stock is owned by insiders.

About MasTec

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.