Investors Purchase Large Volume of Quanta Services Put Options (PWR)

Quanta Services Inc (NYSE:PWR) was the target of some unusual options trading activity on Tuesday. Traders purchased 1,124 put options on the stock. This is an increase of approximately 806% compared to the typical volume of 124 put options.

A number of large investors have recently modified their holdings of PWR. Mckinley Capital Management LLC Delaware bought a new position in Quanta Services during the 3rd quarter valued at $111,000. Tower Research Capital LLC TRC lifted its stake in Quanta Services by 182.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,390 shares of the construction company’s stock valued at $112,000 after acquiring an additional 2,190 shares in the last quarter. Commonwealth Bank of Australia bought a new position in Quanta Services during the 2nd quarter valued at $164,000. Intact Investment Management Inc. bought a new position in Quanta Services during the 3rd quarter valued at $209,000. Finally, Maple Capital Management Inc. bought a new stake in shares of Quanta Services during the 3rd quarter worth $213,000. Institutional investors and hedge funds own 85.85% of the company’s stock.

Several research firms recently issued reports on PWR. Zacks Investment Research downgraded shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Robert W. Baird set a $42.00 price target on shares of Quanta Services and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus reissued a “buy” rating on shares of Quanta Services in a research report on Thursday, December 14th. Citigroup set a $47.00 price target on shares of Quanta Services and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, ValuEngine downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $44.73.

Quanta Services (NYSE:PWR) opened at $38.99 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.80 and a current ratio of 1.85. Quanta Services has a 52 week low of $30.23 and a 52 week high of $40.10. The firm has a market capitalization of $6,030.00, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the business earned $0.55 EPS. The business’s revenue was up 27.8% on a year-over-year basis. equities research analysts anticipate that Quanta Services will post 1.77 earnings per share for the current year.

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Quanta Services Company Profile

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.

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