Marco Investment Management LLC Sells 1,489 Shares of Quanta Services, Inc. (NYSE:PWR)

Marco Investment Management LLC cut its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,787 shares of the construction company's stock after selling 1,489 shares during the period. Marco Investment Management LLC's holdings in Quanta Services were worth $4,989,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PWR. Callan Family Office LLC acquired a new position in Quanta Services during the fourth quarter valued at approximately $1,066,000. Royal Harbor Partners LLC acquired a new stake in Quanta Services in the 4th quarter valued at approximately $509,000. Vestmark Advisory Solutions Inc. increased its position in Quanta Services by 10.9% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,048 shares of the construction company's stock worth $331,000 after buying an additional 103 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Quanta Services during the fourth quarter worth approximately $203,068,000. Finally, First Business Financial Services Inc. boosted its position in shares of Quanta Services by 8.9% in the fourth quarter. First Business Financial Services Inc. now owns 12,794 shares of the construction company's stock valued at $4,044,000 after acquiring an additional 1,048 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PWR shares. Daiwa America lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. Daiwa Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Guggenheim began coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They issued a "neutral" rating for the company. BMO Capital Markets raised Quanta Services from a "market perform" rating to an "outperform" rating and dropped their price target for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Finally, Roth Mkm started coverage on shares of Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 price target on the stock. Six 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $326.95.

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Quanta Services Stock Performance

Shares of Quanta Services stock traded down $7.74 during trading on Monday, reaching $238.28. The company's stock had a trading volume of 882,886 shares, compared to its average volume of 1,730,977. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a market cap of $35.31 billion, a PE ratio of 39.52, a P/E/G ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88. The business's 50-day moving average price is $301.17 and its 200-day moving average price is $305.31.

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 analyst estimates of $6.61 billion. Equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

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.