Meag Munich Ergo Kapitalanlagegesellschaft MBH trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR) by 32.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,172 shares of the construction company’s stock after selling 95,179 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH owned approximately 0.13% of Quanta Services worth $7,534,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PWR. Thrivent Financial For Lutherans acquired a new position in Quanta Services during the 1st quarter worth $206,000. Teachers Retirement System of The State of Kentucky acquired a new position in Quanta Services during the 1st quarter worth $716,000. Chevy Chase Trust Holdings Inc. grew its holdings in Quanta Services by 2.0% during the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 362,509 shares of the construction company’s stock worth $11,935,000 after acquiring an additional 7,054 shares in the last quarter. Ardevora Asset Management LLP grew its holdings in Quanta Services by 32.6% during the 2nd quarter. Ardevora Asset Management LLP now owns 1,052,600 shares of the construction company’s stock worth $34,652,000 after acquiring an additional 258,500 shares in the last quarter. Finally, LS Investment Advisors LLC grew its holdings in Quanta Services by 14.0% during the 2nd quarter. LS Investment Advisors LLC now owns 9,566 shares of the construction company’s stock worth $315,000 after acquiring an additional 1,173 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on PWR shares. Stifel Nicolaus reissued a “buy” rating and set a $45.00 price objective on shares of Quanta Services in a report on Thursday, September 7th. Credit Suisse Group restated a “buy” rating and issued a $47.00 price target on shares of Quanta Services in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Quanta Services from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Monday, July 24th. BidaskClub downgraded shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Citigroup Inc. set a $47.00 price target on shares of Quanta Services and gave the stock a “buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $44.55.

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Shares of Quanta Services, Inc. (NYSE PWR) traded up $0.33 during trading hours on Monday, reaching $35.84. 850,300 shares of the company traded hands, compared to its average volume of 1,569,791. The company has a market cap of $5,550.00, a P/E ratio of 18.76, a PEG ratio of 2.53 and a beta of 0.87. Quanta Services, Inc. has a 12-month low of $30.23 and a 12-month high of $38.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.80 and a current ratio of 1.85.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.30 billion. Quanta Services had a net margin of 3.18% and a return on equity of 8.47%. Quanta Services’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS. sell-side analysts anticipate that Quanta Services, Inc. will post 1.77 EPS for the current fiscal year.

In related news, EVP Randall C. Wisenbaker sold 9,000 shares of Quanta Services stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.15, for a total value of $316,350.00. Following the sale, the executive vice president now directly owns 34,797 shares in the company, valued at approximately $1,223,114.55. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patrick Wood III sold 4,000 shares of Quanta Services stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $34.51, for a total transaction of $138,040.00. Following the completion of the sale, the director now owns 7,506 shares in the company, valued at $259,032.06. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Quanta Services Profile

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.

Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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