Robeco Institutional Asset Management B.V. Trims Stake in Quanta Services, Inc. (NYSE:PWR)

Robeco Institutional Asset Management B.V. lessened its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,900 shares of the construction company's stock after selling 16,602 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Quanta Services worth $42,307,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Tower Wealth Partners Inc. grew its stake in Quanta Services by 3.1% in the 3rd quarter. Tower Wealth Partners Inc. now owns 1,122 shares of the construction company's stock valued at $335,000 after buying an additional 34 shares during the last quarter. Terra Nova Asset Management LLC increased its position in Quanta Services by 0.3% during the third quarter. Terra Nova Asset Management LLC now owns 12,779 shares of the construction company's stock worth $3,810,000 after acquiring an additional 38 shares during the period. Greenleaf Trust boosted its stake in shares of Quanta Services by 1.2% in the third quarter. Greenleaf Trust now owns 3,154 shares of the construction company's stock valued at $940,000 after buying an additional 38 shares during the period. EP Wealth Advisors LLC grew its holdings in shares of Quanta Services by 0.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,994 shares of the construction company's stock worth $1,777,000 after purchasing an additional 39 shares in the last quarter. Finally, Whittier Trust Co. raised its position in shares of Quanta Services by 0.7% in the 3rd quarter. Whittier Trust Co. now owns 5,894 shares of the construction company's stock valued at $1,757,000 after buying an additional 39 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Quanta Services news, insider Karl W. Studer sold 23,357 shares of Quanta Services stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $270.51, for a total transaction of $6,318,302.07. Following the completion of the sale, the insider now directly owns 10,631 shares in the company, valued at $2,875,791.81. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Quanta Services news, insider Gerald A. Ducey, Jr. sold 15,000 shares of the company's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $257.93, for a total value of $3,868,950.00. Following the completion of the sale, the insider now owns 21,286 shares of the company's stock, valued at $5,490,297.98. 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 available through the SEC website. Also, insider Karl W. Studer sold 23,357 shares of Quanta Services stock in a transaction that occurred on 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 directly owns 10,631 shares in the company, valued at $2,875,791.81. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 202,357 shares of company stock worth $53,115,572 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Quanta Services Stock Performance

Quanta Services stock traded down $3.80 during trading on Wednesday, hitting $310.82. The stock had a trading volume of 2,535,278 shares, compared to its average volume of 894,525. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The stock's 50 day moving average is $291.95 and its two-hundred day moving average is $273.96. Quanta Services, Inc. has a 1 year low of $163.93 and a 1 year high of $317.91. The stock has a market cap of $45.88 billion, a price-to-earnings ratio of 55.60 and a beta of 1.01.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, topping 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 analyst estimates of $6.56 billion. During the same quarter last year, the business earned $2.08 earnings per share. The company's quarterly revenue was up 15.5% on a year-over-year basis. As a group, analysts predict that Quanta Services, Inc. will post 7.83 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.12%. Quanta Services's dividend payout ratio (DPR) is currently 6.64%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PWR shares. Citigroup increased their price objective on shares of Quanta Services from $302.00 to $348.00 and gave the company a "buy" rating in a research note on Friday, October 4th. 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 target price on the stock. Stifel Nicolaus raised their price objective on Quanta Services from $283.00 to $342.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Northland Securities restated an "outperform" rating and issued a $328.00 target price (up previously from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Finally, Robert W. Baird lifted their price target on Quanta Services from $320.00 to $333.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $314.27.

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.