Quantbot Technologies LP Makes New $3.42 Million Investment in MasTec, Inc. $MTZ

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

A number of other large investors have also made changes to their positions in MTZ. Bell Investment Advisors Inc bought a new position in MasTec during the second quarter valued at about $32,000. Ascentis Independent Advisors acquired a new position in shares of MasTec in the first quarter valued at $30,000. GHP Investment Advisors Inc. bought a new position in MasTec in the first quarter worth $65,000. Harbor Investment Advisory LLC boosted its stake in MasTec by 486.1% during the second quarter. Harbor Investment Advisory LLC now owns 211 shares of the construction company’s stock worth $88,000 after buying an additional 175 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in MasTec by 372.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 236 shares of the construction company’s stock worth $51,000 after buying an additional 186 shares in the last quarter. 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 the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $371.17, for a total transaction 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 represents a 37.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MTZ. Citigroup reduced their price objective on shares of MasTec from $483.00 to $408.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Cantor Fitzgerald upped their target price on shares of MasTec from $545.00 to $581.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Stifel Nicolaus set a $455.00 price target on shares of MasTec in a research report on Monday, May 4th. Morgan Stanley set a $369.00 price target on shares of MasTec in a research note on Friday, July 31st. Finally, KeyCorp decreased their price objective on MasTec from $500.00 to $371.00 and set an “overweight” rating on the stock in a report on Monday, August 3rd. One investment 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 company’s stock. According to data from MarketBeat, MasTec has a consensus rating of “Buy” and a consensus target price of $427.32.

MasTec Price Performance

MasTec stock opened at $266.89 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.40. The firm has a market cap of $21.43 billion, a P/E ratio of 42.57 and a beta of 1.82. The business’s fifty day moving average is $337.60 and its two-hundred day moving average is $337.62. MasTec, Inc. has a 52 week low of $171.05 and a 52 week high of $441.43.

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