Fox Run Management L.L.C. decreased its position in shares of Quanta Services Inc (NYSE:PWR) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,253 shares of the construction company’s stock after selling 257 shares during the quarter. Fox Run Management L.L.C.’s holdings in Quanta Services were worth $539,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of PWR. Rehmann Capital Advisory Group lifted its holdings in Quanta Services by 5.1% during the 1st quarter. Rehmann Capital Advisory Group now owns 8,485 shares of the construction company’s stock worth $320,000 after buying an additional 412 shares in the last quarter. GYL Financial Synergies LLC acquired a new position in Quanta Services during the 1st quarter worth $396,000. Advisory Services Network LLC lifted its holdings in Quanta Services by 14.0% during the 1st quarter. Advisory Services Network LLC now owns 16,867 shares of the construction company’s stock worth $637,000 after buying an additional 2,072 shares in the last quarter. Horizon Investments LLC acquired a new position in Quanta Services during the 1st quarter worth $451,000. Finally, Neville Rodie & Shaw Inc. lifted its holdings in Quanta Services by 7.8% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 220,190 shares of the construction company’s stock worth $8,409,000 after buying an additional 15,950 shares in the last quarter. 85.91% of the stock is currently owned by hedge funds and other institutional investors.
PWR has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Quanta Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Citigroup increased their price target on Quanta Services from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Vertical Research initiated coverage on Quanta Services in a research note on Friday, August 23rd. They issued a “buy” rating and a $41.00 price target on the stock. ValuEngine downgraded Quanta Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, TheStreet raised Quanta Services from a “c+” rating to a “b-” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $43.57.
Quanta Services (NYSE:PWR) last released its earnings results on Thursday, August 1st. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.45). The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.89 billion. Quanta Services had a return on equity of 11.41% and a net margin of 2.80%. Quanta Services’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. As a group, equities analysts expect that Quanta Services Inc will post 2.89 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Monday, September 30th. Quanta Services’s dividend payout ratio (DPR) is presently 6.32%.
Quanta Services Profile
Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.
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