Quanta Services, Inc. (PWR) Shares Bought by BDO Wealth Advisors LLC
BDO Wealth Advisors LLC raised its stake in Quanta Services, Inc. (NYSE:PWR) by 31.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,150 shares of the construction company’s stock after buying an additional 2,175 shares during the period. BDO Wealth Advisors LLC’s holdings in Quanta Services were worth $342,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of PWR. Thrivent Financial For Lutherans acquired a new stake in Quanta Services in the first quarter valued at approximately $206,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Quanta Services in the first quarter valued at approximately $716,000. LS Investment Advisors LLC boosted its position in Quanta Services by 14.0% in the second quarter. LS Investment Advisors LLC now owns 9,566 shares of the construction company’s stock valued at $315,000 after buying an additional 1,173 shares in the last quarter. Aperio Group LLC boosted its position in Quanta Services by 9.7% in the second quarter. Aperio Group LLC now owns 69,592 shares of the construction company’s stock valued at $2,291,000 after buying an additional 6,155 shares in the last quarter. Finally, US Bancorp DE boosted its position in Quanta Services by 4.2% in the second quarter. US Bancorp DE now owns 7,641 shares of the construction company’s stock valued at $252,000 after buying an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.
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In related news, EVP Randall C. Wisenbaker sold 9,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $35.15, for a total value of $316,350.00. Following the transaction, the executive vice president now owns 34,797 shares in the company, valued at $1,223,114.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.75% of the stock is owned by insiders.
PWR has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $45.00 target price on shares of Quanta Services in a research report on Thursday, September 7th. Credit Suisse Group restated a “buy” rating and issued a $47.00 target price on shares of Quanta Services in a research report on Friday, August 4th. B. Riley raised their target price on shares of Quanta Services from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Johnson Rice upgraded shares of Quanta Services from an “accumulate” rating to a “buy” rating and raised their target price for the company from $41.00 to $43.00 in a research report on Friday, August 4th. Finally, FBR & Co upgraded shares of Quanta Services to an “outperform” rating and raised their target price for the company from $40.00 to $45.00 in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.55.
Quanta Services, Inc. (NYSE:PWR) traded up $0.42 during mid-day trading on Wednesday, reaching $36.89. 1,104,600 shares of the company traded hands, compared to its average volume of 1,571,713. The firm has a market capitalization of $5,710.00, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 2.57 and a beta of 0.87. The company has a current ratio of 1.85, a quick ratio of 1.80 and a debt-to-equity ratio of 0.20. Quanta Services, Inc. has a 1-year low of $30.23 and a 1-year high of $38.82.
Quanta Services (NYSE:PWR) last released its earnings results on Thursday, November 2nd. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.30 billion. Quanta Services had a net margin of 3.18% and a return on equity of 8.47%. Quanta Services’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 earnings per share. equities analysts anticipate that Quanta Services, Inc. will post 1.77 earnings per share for the current year.
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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