Semanteon Capital Management LP Sells 518 Shares of MasTec, Inc. (NYSE:MTZ)

Semanteon Capital Management LP decreased its holdings in MasTec, Inc. (NYSE:MTZ) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,606 shares of the construction company’s stock after selling 518 shares during the period. Semanteon Capital Management LP’s holdings in MasTec were worth $899,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of MasTec during the third quarter valued at approximately $25,000. Ameliora Wealth Management Ltd. bought a new stake in MasTec in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of MasTec by 181.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 180 shares of the construction company’s stock valued at $25,000 after purchasing an additional 116 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of MasTec by 93.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 265 shares of the construction company’s stock valued at $36,000 after purchasing an additional 128 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of MasTec by 162.4% during the fourth quarter. Global Retirement Partners LLC now owns 307 shares of the construction company’s stock valued at $42,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 78.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. KeyCorp increased their price target on MasTec from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Stifel Nicolaus cut their target price on shares of MasTec from $185.00 to $175.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Robert W. Baird decreased their price target on shares of MasTec from $162.00 to $153.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on MasTec from $154.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th. Finally, Truist Financial lifted their price objective on shares of MasTec from $173.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.07.

MasTec Stock Up 0.6 %

NYSE:MTZ opened at $126.75 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.20. MasTec, Inc. has a 1-year low of $82.29 and a 1-year high of $166.95. The company has a 50-day moving average of $135.98 and a 200 day moving average of $132.40. The firm has a market cap of $10.05 billion, a PE ratio of 113.17 and a beta of 1.74.

MasTec (NYSE:MTZ) last released its quarterly earnings data 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. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.32 billion. MasTec had a net margin of 0.73% and a return on equity of 8.27%. As a group, research analysts anticipate that MasTec, Inc. will post 3.44 EPS for the current fiscal year.

MasTec 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.