Waverton Investment Management Ltd raised its stake in Quanta Services Inc (NYSE:PWR) by 23.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,745 shares of the construction company’s stock after acquiring an additional 2,631 shares during the quarter. Waverton Investment Management Ltd’s holdings in Quanta Services were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware acquired a new stake in Quanta Services in the 3rd quarter valued at about $111,000. Tower Research Capital LLC TRC grew its position 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 buying an additional 2,190 shares during the period. Commonwealth Bank of Australia acquired a new stake in shares of Quanta Services during the 2nd quarter worth approximately $164,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Quanta Services by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the construction company’s stock worth $189,000 after buying an additional 708 shares during the period. Finally, Intact Investment Management Inc. acquired a new stake in shares of Quanta Services during the 3rd quarter worth approximately $209,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.
Several brokerages have recently commented on PWR. Zacks Investment Research cut shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday. Robert W. Baird set a $42.00 price target on shares of Quanta Services and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “buy” rating on shares of Quanta Services in a research report on Thursday, December 14th. KeyCorp reiterated a “buy” rating and set a $46.00 price target on shares of Quanta Services in a research report on Wednesday, November 29th. Finally, B. Riley lifted their price target on shares of Quanta Services from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Quanta Services presently has a consensus rating of “Buy” and a consensus price target of $44.73.
Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. Quanta Services had a net margin of 3.18% and a return on equity of 8.47%. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the firm earned $0.55 EPS. Quanta Services’s quarterly revenue was up 27.8% compared to the same quarter last year. research analysts anticipate that Quanta Services Inc will post 1.77 EPS for the current fiscal year.
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Quanta Services 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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