Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 263,138 shares of the construction company's stock after acquiring an additional 32,993 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.18% of Quanta Services worth $83,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of PWR. Swedbank AB grew its position in shares of Quanta Services by 4.6% during the 3rd quarter. Swedbank AB now owns 960,081 shares of the construction company's stock valued at $286,248,000 after acquiring an additional 42,579 shares during the period. Graypoint LLC bought a new stake in shares of Quanta Services during the 3rd quarter valued at $217,000. Assetmark Inc. grew its position in shares of Quanta Services by 7.3% during the 3rd quarter. Assetmark Inc. now owns 5,781 shares of the construction company's stock valued at $1,723,000 after acquiring an additional 392 shares during the period. Arrow Financial Corp grew its position in shares of Quanta Services by 76.1% during the 3rd quarter. Arrow Financial Corp now owns 3,181 shares of the construction company's stock valued at $948,000 after acquiring an additional 1,375 shares during the period. Finally, Legacy Capital Wealth Partners LLC bought a new stake in shares of Quanta Services during the 3rd quarter valued at $749,000. Institutional investors own 90.49% of the company's stock.
Quanta Services Stock Performance
Quanta Services stock opened at $245.63 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. Quanta Services, Inc. has a 1-year low of $227.11 and a 1-year high of $365.88. The firm has a market capitalization of $36.40 billion, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The company's 50-day moving average is $301.17 and its 200 day moving average is $305.31.
Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.
Wall Street Analysts Forecast Growth
PWR has been the subject of several recent analyst reports. Roth Mkm initiated coverage on shares of Quanta Services in a report on Friday, February 21st. They issued a "buy" rating and a $350.00 target price for the company. Guggenheim initiated coverage on shares of Quanta Services in a report on Wednesday, January 8th. They issued a "neutral" rating for the company. Citigroup dropped their target price on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Finally, Daiwa America downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. Six 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. Based on data from MarketBeat.com, Quanta Services has a consensus rating of "Moderate Buy" and a consensus target price of $326.95.
Read Our Latest Research Report on Quanta Services
About Quanta Services
(
Free Report)
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.
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