J. Safra Sarasin Holding AG Sells 5,332 Shares of Quanta Services, Inc. (NYSE:PWR)

J. Safra Sarasin Holding AG lessened its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 23.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,656 shares of the construction company's stock after selling 5,332 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Quanta Services were worth $5,580,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PWR. OneDigital Investment Advisors LLC lifted its holdings in Quanta Services by 13.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,270 shares of the construction company's stock valued at $401,000 after purchasing an additional 155 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Quanta Services by 2.7% during the 4th quarter. Stifel Financial Corp now owns 369,229 shares of the construction company's stock valued at $116,705,000 after buying an additional 9,635 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Quanta Services by 1.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 66,007 shares of the construction company's stock worth $20,879,000 after buying an additional 747 shares during the period. Tower Research Capital LLC TRC grew its stake in Quanta Services by 220.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,469 shares of the construction company's stock valued at $3,309,000 after buying an additional 7,206 shares in the last quarter. Finally, Transatlantique Private Wealth LLC purchased a new stake in shares of Quanta Services during the fourth quarter worth $439,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Quanta Services from $418.00 to $364.00 and set a "buy" rating on the stock in a research note on Thursday. Bank of America assumed coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a "buy" rating and a $407.00 price target on the stock. Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. B. Riley reiterated a "neutral" rating and issued a $300.00 target price (down from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Finally, Citigroup reduced their price target on shares of Quanta Services from $366.00 to $342.00 and set a "buy" rating for the company in a research report on Friday. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $321.70.

Quanta Services Trading Up 2.0 %

PWR traded up $5.52 on Friday, hitting $287.64. 1,205,547 shares of the company were exchanged, compared to its average volume of 1,640,927. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The firm has a fifty day simple moving average of $261.85 and a two-hundred day simple moving average of $300.49. The stock has a market capitalization of $42.65 billion, a PE ratio of 47.70, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last issued 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 net margin of 3.82% and a return on equity of 18.00%. The firm had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.61 billion. Sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. Quanta Services's dividend payout ratio (DPR) is presently 6.63%.

About Quanta Services

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.