Quanta Services, Inc. (NYSE:PWR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 48.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,859 shares of the construction company's stock after selling 19,764 shares during the period. Los Angeles Capital Management LLC's holdings in Quanta Services were worth $6,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Electron Capital Partners LLC boosted its position in shares of Quanta Services by 395.1% in the 2nd quarter. Electron Capital Partners LLC now owns 2,622,142 shares of the construction company's stock worth $666,260,000 after purchasing an additional 2,092,519 shares in the last quarter. Swedbank AB purchased a new position in Quanta Services in the 1st quarter valued at about $227,218,000. Capital World Investors boosted its holdings in Quanta Services by 10.7% in the 1st quarter. Capital World Investors now owns 6,643,733 shares of the construction company's stock worth $1,726,042,000 after buying an additional 643,011 shares during the last quarter. American Century Companies Inc. increased its stake in Quanta Services by 1,445.3% during the 2nd quarter. American Century Companies Inc. now owns 395,152 shares of the construction company's stock worth $100,404,000 after buying an additional 369,581 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Quanta Services by 17.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,235,655 shares of the construction company's stock valued at $313,968,000 after acquiring an additional 186,306 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Down 0.8 %

PWR traded down $2.51 during mid-day trading on Tuesday, hitting $327.18. 312,386 shares of the stock were exchanged, compared to its average volume of 895,349. The company has a market cap of $48.30 billion, a PE ratio of 60.83 and a beta of 1.01. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. The firm's fifty day moving average is $296.02 and its two-hundred day moving average is $275.98. Quanta Services, Inc. has a 1-year low of $173.62 and a 1-year high of $335.00.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.46 by $0.26. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The firm had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $6.56 billion. During the same quarter in the previous year, the business posted $2.08 earnings per share. The business's quarterly revenue was up 15.5% compared to the same quarter last year. Equities analysts forecast that Quanta Services, Inc. will post 7.88 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.36 annualized dividend and a dividend yield of 0.11%. Quanta Services's dividend payout ratio is currently 6.64%.

Insider Activity

In other Quanta Services news, insider Karl W. Studer sold 23,357 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $270.51, for a total transaction of $6,318,302.07. Following the transaction, the insider now owns 10,631 shares of the company's stock, valued at approximately $2,875,791.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Karl W. Studer sold 23,357 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $270.51, for a total value of $6,318,302.07. Following the completion of the sale, the insider now directly owns 10,631 shares of the company's stock, valued at approximately $2,875,791.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the firm's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $262.21, for a total value of $34,087,300.00. Following the transaction, the chief executive officer now directly owns 593,402 shares in the company, valued at approximately $155,595,938.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PWR shares. Northland Securities restated an "outperform" rating and set a $328.00 price target (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Wolfe Research assumed coverage on Quanta Services in a research report on Thursday, September 19th. They issued an "outperform" rating and a $313.00 price target for the company. TD Cowen boosted their price objective on Quanta Services from $280.00 to $335.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. initiated coverage on Quanta Services in a research note on Monday, October 7th. They issued a "neutral" rating and a $297.00 target price for the company. Finally, Jefferies Financial Group assumed coverage on shares of Quanta Services in a research report on Wednesday, September 4th. They set a "hold" rating and a $256.00 price objective for the company. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Quanta Services has an average rating of "Moderate Buy" and an average price target of $314.27.

Quanta Services 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.