Public Employees Retirement System of Ohio Has $10.95 Million Position in MasTec, Inc. $MTZ

Public Employees Retirement System of Ohio lessened its stake in MasTec, Inc. (NYSE:MTZ) by 27.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 34,026 shares of the construction company’s stock after selling 12,928 shares during the period. Public Employees Retirement System of Ohio’s holdings in MasTec were worth $10,948,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in MasTec by 178.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,637,451 shares of the construction company’s stock valued at $573,304,000 after buying an additional 1,690,896 shares during the last quarter. Peconic Partners LLC raised its position in shares of MasTec by 113.3% during the fourth quarter. Peconic Partners LLC now owns 1,600,000 shares of the construction company’s stock worth $347,792,000 after acquiring an additional 850,000 shares during the last quarter. First Trust Advisors LP raised its position in shares of MasTec by 7.6% during the first quarter. First Trust Advisors LP now owns 1,411,584 shares of the construction company’s stock worth $454,163,000 after acquiring an additional 100,151 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of MasTec by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 1,220,703 shares of the construction company’s stock valued at $265,395,000 after acquiring an additional 94,344 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of MasTec by 11.3% during the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock valued at $181,961,000 after acquiring an additional 108,504 shares during the period. Institutional investors and hedge funds own 78.10% of the company’s stock.

Insider Activity

In related news, Director C Robert Campbell sold 3,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $417.00, for a total value of $1,251,000.00. Following the sale, the director directly owned 30,646 shares in the company, valued at $12,779,382. This trade represents a 8.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ernst N. Csiszar sold 6,500 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 10,816 shares in the company, valued at $4,014,574.72. This represents a 37.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.40% of the stock is currently owned by insiders.

MasTec Stock Down 0.1%

NYSE:MTZ opened at $337.55 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. MasTec, Inc. has a 12-month low of $160.08 and a 12-month high of $441.43. The stock’s fifty day simple moving average is $373.59 and its 200-day simple moving average is $331.20. The firm has a market capitalization of $26.67 billion, a P/E ratio of 59.12 and a beta of 1.77.

MasTec (NYSE:MTZ) last released its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.41. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was up 34.5% on a year-over-year basis. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Equities research analysts expect that MasTec, Inc. will post 9.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings cut MasTec from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Barclays boosted their price objective on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. TD Cowen upped their target price on shares of MasTec from $445.00 to $470.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Guggenheim raised their target price on shares of MasTec from $480.00 to $518.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, UBS Group lifted their price target on shares of MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Nineteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MasTec has an average rating of “Moderate Buy” and an average price target of $466.89.

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.