Wafra Investment Advisory Group Inc. NY decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 460,836 shares of the construction company’s stock after selling 78,855 shares during the quarter. Quanta Services makes up about 0.8% of Wafra Investment Advisory Group Inc. NY’s holdings, making the stock its 27th biggest position. Wafra Investment Advisory Group Inc. NY owned approximately 0.30% of Quanta Services worth $15,171,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. increased its stake in shares of Quanta Services by 567.3% during the 2nd quarter. Assetmark Inc. now owns 114,706 shares of the construction company’s stock worth $3,776,000 after purchasing an additional 97,516 shares during the last quarter. Argent Capital Management LLC acquired a new position in shares of Quanta Services during the 2nd quarter worth $1,630,000. Tower Research Capital LLC TRC increased its stake in shares of 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 worth $112,000 after purchasing an additional 2,190 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Quanta Services by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 176,231 shares of the construction company’s stock worth $5,802,000 after purchasing an additional 6,779 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Quanta Services by 49.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 34,503 shares of the construction company’s stock worth $1,136,000 after purchasing an additional 11,388 shares during the last quarter. Institutional investors own 88.53% of the company’s stock.
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Quanta Services, Inc. (PWR) traded down 0.08% on Tuesday, reaching $37.34. 401,954 shares of the company were exchanged. The firm has a market capitalization of $5.79 billion, a PE ratio of 21.23 and a beta of 0.83. The stock has a 50 day moving average of $36.28 and a 200 day moving average of $34.43. Quanta Services, Inc. has a 12-month low of $27.29 and a 12-month high of $38.82.
Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, August 3rd. The construction company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.03). The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.13 billion. Quanta Services had a return on equity of 8.36% and a net margin of 3.21%. Quanta Services’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Equities analysts anticipate that Quanta Services, Inc. will post $2.03 EPS for the current year.
In related news, EVP Randall C. Wisenbaker sold 9,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $35.15, for a total transaction of $316,350.00. Following the transaction, the executive vice president now directly owns 34,797 shares in the company, valued at $1,223,114.55. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Patrick Wood III sold 4,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $34.51, for a total transaction of $138,040.00. Following the transaction, the director now owns 7,506 shares in the company, valued at $259,032.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,000 shares of company stock worth $597,550. 0.70% of the stock is owned by corporate insiders.
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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