Amundi lifted its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 418,498 shares of the construction company's stock after purchasing an additional 27,753 shares during the period. Amundi owned 0.28% of Quanta Services worth $130,655,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of PWR. Versor Investments LP purchased a new position in Quanta Services in the third quarter valued at about $406,000. Kestra Private Wealth Services LLC raised its stake in shares of Quanta Services by 85.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock worth $1,502,000 after acquiring an additional 2,184 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Quanta Services by 5.6% in the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock valued at $61,932,000 after acquiring an additional 11,012 shares in the last quarter. Synovus Financial Corp grew its stake in Quanta Services by 34.0% during the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock worth $2,148,000 after buying an additional 1,830 shares during the last quarter. Finally, Waverton Investment Management Ltd increased its holdings in shares of Quanta Services by 6.5% during the third quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company's stock valued at $12,509,000 after acquiring an additional 2,557 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.
Quanta Services Stock Performance
Shares of NYSE PWR traded up $3.64 during trading hours on Wednesday, reaching $249.67. The stock had a trading volume of 953,793 shares, compared to its average volume of 1,767,831. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The firm has a market cap of $37.00 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 1.41 and a beta of 1.10. The firm has a 50-day moving average of $298.12 and a 200-day moving average of $304.89. Quanta Services, Inc. has a fifty-two week low of $227.11 and a fifty-two week high of $365.88.
Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.61 billion. Equities research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.
Analyst Ratings Changes
PWR has been the subject of a number of research reports. Guggenheim initiated coverage on Quanta Services in a research report on Wednesday, January 8th. They set a "neutral" rating for the company. Roth Mkm started coverage on Quanta Services in a report on Friday, February 21st. They issued a "buy" rating and a $350.00 price objective on the stock. JPMorgan Chase & Co. lifted their price target on shares of Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Stifel Nicolaus decreased their price objective on shares of Quanta Services from $388.00 to $323.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, Bank of America began coverage on shares of Quanta Services in a research report on Friday, January 24th. They set a "buy" rating and a $407.00 price target for the company. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $326.95.
Read Our Latest Analysis on PWR
About Quanta Services
(
Free Report)
Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.
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