Bailard Inc. Has $1.11 Million Position in Quanta Services, Inc. (NYSE:PWR)

Bailard Inc. boosted its position in Quanta Services, Inc. (NYSE:PWR) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,520 shares of the construction company’s stock after purchasing an additional 60 shares during the period. Bailard Inc.’s holdings in Quanta Services were worth $1,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Webster Bank N. A. increased its holdings in Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC acquired a new position in Quanta Services in the 4th quarter worth about $27,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Quanta Services in the third quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services in the third quarter valued at about $31,000. Finally, Sound Income Strategies LLC increased its stake in shares of Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Down 3.4 %

Shares of NYSE:PWR opened at $250.77 on Tuesday. The business’s 50 day simple moving average is $309.23 and its two-hundred day simple moving average is $306.00. The firm has a market cap of $37.16 billion, a P/E ratio of 41.59, a PEG ratio of 1.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates 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. As a group, research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PWR shares. Guggenheim started coverage on Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating for the company. Roth Mkm started coverage on Quanta Services in a research note on Friday, February 21st. They issued a “buy” rating and a $350.00 price target for the company. Bank of America started coverage on Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 target price for the company. Daiwa America cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, Truist Financial decreased their target price on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

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.