Don't Ignore The Fact That This Insider Just Sold Some Shares In MasTec, Inc. (NYSE:MTZ)

By
Simply Wall St
Published
November 29, 2020
NYSE:MTZ

Anyone interested in MasTec, Inc. (NYSE:MTZ) should probably be aware that the Director, C. Campbell, recently divested US$297k worth of shares in the company, at an average price of US$59.34 each. On the bright side, that sale was only 7.1% of their holding, so we doubt it's very meaningful, on its own.

See our latest analysis for MasTec

The Last 12 Months Of Insider Transactions At MasTec

Notably, that recent sale by C. Campbell is the biggest insider sale of MasTec shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$57.81. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year MasTec insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NYSE:MTZ Insider Trading Volume November 29th 2020

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. MasTec insiders own 23% of the company, currently worth about US$948m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The MasTec Insider Transactions Indicate?

An insider hasn't bought MasTec stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing MasTec. Every company has risks, and we've spotted 3 warning signs for MasTec you should know about.

But note: MasTec may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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