Ameritas Advisory Services LLC Grows Position in MasTec, Inc. $MTZ

Ameritas Advisory Services LLC increased its position in shares of MasTec, Inc. (NYSE:MTZ) by 4,223.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,767 shares of the construction company’s stock after buying an additional 2,703 shares during the quarter. Ameritas Advisory Services LLC’s holdings in MasTec were worth $601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of MasTec by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 6,007,192 shares of the construction company’s stock valued at $1,278,391,000 after purchasing an additional 34,899 shares during the last quarter. AQR Capital Management LLC raised its holdings in MasTec by 11.3% during the second quarter. AQR Capital Management LLC now owns 1,072,253 shares of the construction company’s stock worth $181,961,000 after purchasing an additional 108,504 shares during the last quarter. First Trust Advisors LP raised its holdings in MasTec by 52.1% during the third quarter. First Trust Advisors LP now owns 1,022,175 shares of the construction company’s stock worth $217,529,000 after purchasing an additional 350,228 shares during the last quarter. Victory Capital Management Inc. raised its holdings in MasTec by 9,550.8% during the third quarter. Victory Capital Management Inc. now owns 946,555 shares of the construction company’s stock worth $201,295,000 after purchasing an additional 936,747 shares during the last quarter. Finally, Merewether Investment Management LP raised its holdings in MasTec by 59.8% during the third quarter. Merewether Investment Management LP now owns 867,240 shares of the construction company’s stock worth $184,557,000 after purchasing an additional 324,500 shares during the last quarter. 78.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MasTec news, Director Javier Alberto Palomarez sold 950 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total transaction of $309,158.50. Following the completion of the transaction, the director directly owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. This trade represents a 8.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ernst N. Csiszar sold 6,500 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $300.40, for a total value of $1,952,600.00. Following the sale, the director directly owned 17,235 shares of the company’s stock, valued at approximately $5,177,394. This represents a 27.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 10,450 shares of company stock valued at $3,512,759 in the last three months. 21.40% of the stock is currently owned by corporate insiders.

MasTec Stock Performance

Shares of MTZ stock opened at $414.47 on Friday. MasTec, Inc. has a 12-month low of $145.46 and a 12-month high of $441.43. The firm has a market capitalization of $32.75 billion, a price-to-earnings ratio of 72.59 and a beta of 1.82. The business has a 50 day simple moving average of $351.75 and a 200 day simple moving average of $273.76. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.32 and a quick ratio of 1.28.

MasTec (NYSE:MTZ) last issued its quarterly earnings data 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. 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 analyst estimates of $3.47 billion. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue for the quarter was up 34.5% compared to the same quarter last year. 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, equities research analysts anticipate that MasTec, Inc. will post 8.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Cowen boosted their price target on MasTec from $320.00 to $445.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Barclays upped their target price on MasTec from $260.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. UBS Group upped their target price on MasTec from $420.00 to $453.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. DA Davidson upped their target price on MasTec from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wolfe Research reiterated an “outperform” rating and issued a $326.00 price target on shares of MasTec in a research note on Monday, March 2nd. Eighteen 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $458.06.

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.