Quantitative Investment Management LLC bought a new position in Quanta Services Inc (NYSE:PWR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 59,800 shares of the construction company’s stock, valued at approximately $2,338,000.
Several other institutional investors have also recently added to or reduced their stakes in PWR. Mckinley Capital Management LLC Delaware purchased a new position in shares of Quanta Services in the third quarter worth approximately $111,000. Cerebellum GP LLC purchased a new position in shares of Quanta Services in the fourth quarter worth approximately $130,000. SSI Investment Management Inc. purchased a new position in Quanta Services during the fourth quarter valued at approximately $209,000. Commerce Bank purchased a new position in Quanta Services during the fourth quarter valued at approximately $222,000. Finally, Parametrica Management Ltd purchased a new position in Quanta Services during the fourth quarter valued at approximately $264,000. 83.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Quanta Services Inc (NYSE PWR) opened at $35.36 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.92 and a quick ratio of 1.87. The stock has a market cap of $5,436.42, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.83 and a beta of 0.86. Quanta Services Inc has a one year low of $30.23 and a one year high of $40.10.
Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Quanta Services had a net margin of 3.33% and a return on equity of 7.75%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. equities research analysts predict that Quanta Services Inc will post 2.41 EPS for the current fiscal year.
A number of research analysts recently commented on PWR shares. KeyCorp reaffirmed a “buy” rating and set a $46.00 price objective on shares of Quanta Services in a research report on Wednesday, November 29th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Quanta Services in a research report on Thursday, December 14th. Robert W. Baird set a $42.00 price objective on shares of Quanta Services and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Finally, Stephens reaffirmed a “buy” rating and set a $49.00 price objective on shares of Quanta Services in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. Quanta Services has a consensus rating of “Buy” and a consensus price target of $45.15.
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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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