Private Advisor Group LLC Buys Shares of 52,191 Quanta Services, Inc. (PWR)

Private Advisor Group LLC bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,191 shares of the construction company’s stock, valued at approximately $1,950,000.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE increased its holdings in shares of Quanta Services by 4.2% in the second quarter. US Bancorp DE now owns 7,641 shares of the construction company’s stock valued at $252,000 after purchasing an additional 307 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Quanta Services by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 31,071 shares of the construction company’s stock valued at $1,023,000 after purchasing an additional 87 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Quanta Services by 40.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 24,940 shares of the construction company’s stock valued at $821,000 after purchasing an additional 7,130 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Quanta Services by 0.4% in the second quarter. CIBC Asset Management Inc now owns 13,120 shares of the construction company’s stock valued at $432,000 after purchasing an additional 53 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Quanta Services by 22.2% in the second quarter. Bessemer Group Inc. now owns 4,628 shares of the construction company’s stock valued at $152,000 after purchasing an additional 840 shares during the last quarter. 85.97% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the company. FBR & Co raised Quanta Services to an “outperform” rating and raised their target price for the stock from $40.00 to $45.00 in a research note on Wednesday, August 9th. Zacks Investment Research cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Citigroup raised Quanta Services from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, August 18th. BidaskClub cut Quanta Services from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $45.00 target price on shares of Quanta Services in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $44.64.

Quanta Services, Inc. (NYSE PWR) traded down $0.13 on Thursday, hitting $38.29. The stock had a trading volume of 1,356,600 shares, compared to its average volume of 1,566,196. Quanta Services, Inc. has a 1-year low of $30.23 and a 1-year high of $39.20. The stock has a market capitalization of $5,944.37, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.71 and a beta of 0.86. 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 (NYSE:PWR) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.63 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the business posted $0.55 earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis. research analysts expect that Quanta Services, Inc. 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.

Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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