Quanta Services, Inc. (NYSE:PWR) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC reduced its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,010 shares of the construction company's stock after selling 950 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Quanta Services were worth $8,220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PWR. Alkeon Capital Management LLC raised its holdings in Quanta Services by 62.5% during the third quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company's stock valued at $193,798,000 after acquiring an additional 250,000 shares during the period. Union Bancaire Privee UBP SA purchased a new position in Quanta Services in the 4th quarter worth approximately $46,364,000. International Assets Investment Management LLC boosted its stake in Quanta Services by 29,655.3% in the 3rd quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company's stock worth $44,269,000 after purchasing an additional 147,980 shares during the period. Public Sector Pension Investment Board grew its holdings in Quanta Services by 81.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company's stock valued at $83,210,000 after buying an additional 125,530 shares in the last quarter. Finally, Meitav Investment House Ltd. bought a new stake in shares of Quanta Services during the third quarter valued at approximately $27,430,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Trading Down 3.8 %

Shares of PWR traded down $11.18 during trading hours on Thursday, reaching $280.89. 3,996,676 shares of the company traded hands, compared to its average volume of 1,537,739. The firm has a market cap of $41.46 billion, a price-to-earnings ratio of 51.82, a PEG ratio of 1.44 and a beta of 1.05. Quanta Services, Inc. has a 12-month low of $206.58 and a 12-month high of $365.88. The stock's fifty day moving average price is $317.38 and its 200 day moving average price is $304.97. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. Sell-side analysts forecast that Quanta Services, Inc. will post 7.91 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PWR shares. UBS Group raised their target price on shares of Quanta Services from $313.00 to $367.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Robert W. Baird boosted their target price on Quanta Services from $320.00 to $333.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Citigroup dropped their price target on Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Northland Securities reissued an "outperform" rating and issued a $328.00 target price (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Finally, Stifel Nicolaus upped their price target on shares of Quanta Services from $374.00 to $388.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and a consensus price target of $330.50.

Quanta Services Company Profile

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.