Values First Advisors Inc. Increases Position in Quanta Services, Inc. (NYSE:PWR)

Values First Advisors Inc. lifted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 16.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,399 shares of the construction company’s stock after purchasing an additional 201 shares during the period. Values First Advisors Inc.’s holdings in Quanta Services were worth $417,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in Quanta Services by 10.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,349 shares of the construction company’s stock worth $1,595,000 after buying an additional 526 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Quanta Services by 1.8% during the third quarter. IFM Investors Pty Ltd now owns 29,663 shares of the construction company’s stock worth $8,844,000 after purchasing an additional 534 shares during the last quarter. Bogart Wealth LLC boosted its holdings in Quanta Services by 486,600.0% in the third quarter. Bogart Wealth LLC now owns 14,601 shares of the construction company’s stock valued at $4,353,000 after purchasing an additional 14,598 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Quanta Services by 39.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 16,780 shares of the construction company’s stock valued at $5,003,000 after purchasing an additional 4,786 shares during the last quarter. Finally, Great Lakes Retirement Inc. raised its holdings in Quanta Services by 3.0% during the third quarter. Great Lakes Retirement Inc. now owns 13,657 shares of the construction company’s stock worth $4,072,000 after purchasing an additional 394 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $309.93 on Friday. The firm has a market capitalization of $45.66 billion, a price-to-earnings ratio of 58.48 and a beta of 1.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.30 and a quick ratio of 1.25. The business’s 50 day simple moving average is $285.59 and its 200-day simple moving average is $270.48. Quanta Services, Inc. has a 12 month low of $153.74 and a 12 month high of $317.91.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.15. Quanta Services had a return on equity of 16.29% and a net margin of 3.59%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the previous year, the company posted $1.47 EPS. The business’s revenue was up 10.8% on a year-over-year basis. As a group, equities analysts forecast that Quanta Services, Inc. will post 7.82 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, October 1st were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Tuesday, October 1st. Quanta Services’s payout ratio is currently 6.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Northland Securities upped their target price on shares of Quanta Services from $264.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Wolfe Research initiated coverage on Quanta Services in a report on Thursday, September 19th. They set an “outperform” rating and a $313.00 price objective on the stock. B. Riley lifted their target price on Quanta Services from $286.00 to $303.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. TD Cowen upped their target price on Quanta Services from $280.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Robert W. Baird raised their price target on Quanta Services from $287.00 to $288.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $308.07.

Insider Buying and Selling at Quanta Services

In related news, COO James Redgie Probst sold 34,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $260.03, for a total transaction of $8,841,020.00. Following the sale, the chief operating officer now owns 29,002 shares of the company’s stock, valued at $7,541,390.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO James Redgie Probst sold 34,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $260.03, for a total transaction of $8,841,020.00. Following the sale, the chief operating officer now owns 29,002 shares in the company, valued at approximately $7,541,390.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karl W. Studer sold 23,357 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $270.51, for a total value of $6,318,302.07. Following the transaction, the insider now directly owns 10,631 shares in the company, valued at approximately $2,875,791.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 202,357 shares of company stock worth $53,115,572. 1.10% of the stock is owned by insiders.

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.