Union Bancaire Privee UBP SA Has $7.03 Million Position in MasTec, Inc. $MTZ

Union Bancaire Privee UBP SA raised its holdings in shares of MasTec, Inc. (NYSE:MTZ) by 55.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,850 shares of the construction company’s stock after purchasing an additional 7,804 shares during the period. Union Bancaire Privee UBP SA’s holdings in MasTec were worth $7,030,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its stake in MasTec by 178.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock worth $573,304,000 after purchasing an additional 1,690,896 shares in the last quarter. Peconic Partners LLC increased its stake in shares of MasTec by 113.3% during the 4th quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after purchasing an additional 850,000 shares during the last quarter. Coatue Management LLC bought a new stake in MasTec in the 4th quarter valued at $147,357,000. 140 Summer Partners LP bought a new position in shares of MasTec during the third quarter worth approximately $81,514,000. Finally, First Trust Advisors LP boosted its stake in shares of MasTec by 52.1% in the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock valued at $217,529,000 after buying an additional 350,228 shares during the period. Institutional investors own 78.10% of the company’s stock.

Wall Street Analyst Weigh In

MTZ has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $493.00 price target on shares of MasTec in a report on Monday, May 4th. JPMorgan Chase & Co. raised their target price on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. Stifel Nicolaus set a $455.00 price target on MasTec in a research note on Monday, May 4th. KeyCorp boosted their price target on MasTec from $460.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, May 13th. Finally, Barclays upped their price objective on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $459.28.

Insider Activity at MasTec

In other news, Director Ernst N. Csiszar sold 6,500 shares of the company’s 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director C Robert Campbell sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $417.00, for a total transaction of $1,251,000.00. Following the completion of the transaction, the director owned 30,646 shares of the company’s stock, valued at approximately $12,779,382. This trade represents a 8.92% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 21.40% of the company’s stock.

MasTec Stock Down 1.9%

Shares of MTZ opened at $396.09 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.28 and a current ratio of 1.32. MasTec, Inc. has a 52 week low of $160.08 and a 52 week high of $441.43. The stock has a market capitalization of $31.30 billion, a price-to-earnings ratio of 69.37 and a beta of 1.77. The stock has a fifty day moving average of $385.30 and a 200-day moving average of $310.02.

MasTec (NYSE:MTZ) last issued its earnings results on Thursday, April 30th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The business 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 business’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. As a group, sell-side analysts anticipate that MasTec, Inc. will post 8.5 earnings per share for the current fiscal year.

MasTec 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.