Quanta Services, Inc. (NYSE:PWR) Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,402 shares of the construction company’s stock after purchasing an additional 3,525 shares during the quarter. Quanta Services accounts for approximately 2.4% of Navellier & Associates Inc.’s investment portfolio, making the stock its 5th largest position. Navellier & Associates Inc.’s holdings in Quanta Services were worth $19,722,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Webster Bank N. A. boosted its position in shares of Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Sierra Ocean LLC bought a new stake in Quanta Services during the fourth quarter worth $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services in the 3rd quarter valued at $31,000. Prestige Wealth Management Group LLC bought a new position in shares of Quanta Services in the 3rd quarter valued at $30,000. Finally, Sound Income Strategies LLC raised its holdings in shares of Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after buying an additional 91 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PWR shares. Northland Securities reaffirmed an “outperform” rating and issued a $328.00 price objective (up from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. BMO Capital Markets initiated coverage on shares of Quanta Services in a report on Monday, February 3rd. They set an “outperform” rating and a $338.00 price target on the stock. Daiwa Capital Markets began coverage on shares of Quanta Services in a research report on Friday, December 6th. They set an “outperform” rating and a $355.00 price objective for the company. Citigroup cut their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Quanta Services Stock Performance

PWR stock opened at $269.75 on Friday. The firm has a market cap of $39.82 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $316.02 and a 200-day moving average price of $305.18. Quanta Services, Inc. has a 1-year low of $221.07 and a 1-year high of $365.88.

Quanta Services (NYSE:PWR) last issued its earnings results 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. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. As a group, equities research analysts expect 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.