Quanta Services, Inc. (NYSE:PWR) – Equities research analysts at Seaport Global Securities issued their Q3 2017 earnings per share (EPS) estimates for shares of Quanta Services in a report issued on Wednesday. Seaport Global Securities analyst R. Cassil forecasts that the construction company will earn $0.56 per share for the quarter. Seaport Global Securities has a “Buy” rating and a $45.00 price objective on the stock. Seaport Global Securities also issued estimates for Quanta Services’ Q4 2017 earnings at $0.44 EPS and FY2017 earnings at $1.79 EPS.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research raised Quanta Services from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Monday. ValuEngine downgraded Quanta Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “hold” rating and set a $39.00 price target on shares of Quanta Services in a research note on Friday, October 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price target on shares of Quanta Services in a research note on Thursday, September 7th. Finally, BidaskClub downgraded Quanta Services from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Quanta Services currently has a consensus rating of “Buy” and an average target price of $42.40.

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Quanta Services (NYSE PWR) opened at 37.84 on Monday. The firm has a market capitalization of $5.87 billion, a PE ratio of 21.51 and a beta of 0.83. Quanta Services has a 1-year low of $27.29 and a 1-year high of $38.82. The company has a 50 day moving average of $36.70 and a 200 day moving average of $34.46.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, August 3rd. The construction company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Quanta Services had a return on equity of 8.36% and a net margin of 3.21%. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS.

In other news, EVP Randall C. Wisenbaker sold 9,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $35.15, for a total transaction of $316,350.00. Following the completion of the sale, the executive vice president now owns 34,797 shares in the company, valued at approximately $1,223,114.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick Wood III sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $34.51, for a total value of $138,040.00. Following the sale, the director now owns 7,506 shares of the company’s stock, valued at approximately $259,032.06. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock valued at $597,550 in the last 90 days. 0.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Quanta Services by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,732,602 shares of the construction company’s stock worth $484,998,000 after acquiring an additional 511,917 shares during the period. BlackRock Inc. boosted its holdings in Quanta Services by 1.3% in the 2nd quarter. BlackRock Inc. now owns 8,465,126 shares of the construction company’s stock worth $278,671,000 after acquiring an additional 105,066 shares during the period. Victory Capital Management Inc. boosted its holdings in Quanta Services by 38.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,314,406 shares of the construction company’s stock worth $207,871,000 after acquiring an additional 1,758,319 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Quanta Services by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,698,399 shares of the construction company’s stock worth $154,657,000 after acquiring an additional 56,136 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its holdings in Quanta Services by 4.8% in the 2nd quarter. Kovitz Investment Group Partners LLC now owns 2,771,842 shares of the construction company’s stock worth $91,249,000 after acquiring an additional 126,103 shares during the period. Hedge funds and other institutional investors own 88.48% of the company’s stock.

About Quanta Services

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.

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