Quanta Services Inc (NYSE:PWR) was the target of some unusual options trading on Tuesday. Stock traders purchased 1,124 put options on the company. This is an increase of approximately 806% compared to the typical daily volume of 124 put options.

PWR has been the topic of a number of recent research reports. Robert W. Baird reaffirmed a “hold” rating and issued a $39.00 target price on shares of Quanta Services in a research report on Friday, October 6th. Zacks Investment Research downgraded Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. ValuEngine downgraded Quanta Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Seaport Global Securities reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $41.00) on shares of Quanta Services in a research report on Wednesday, October 11th. Finally, Citigroup set a $47.00 target price on Quanta Services and gave the company a “buy” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $44.73.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norinchukin Bank The increased its position in Quanta Services by 4.6% during the second quarter. Norinchukin Bank The now owns 10,278 shares of the construction company’s stock worth $338,000 after buying an additional 451 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Quanta Services by 8.6% during the second quarter. M&T Bank Corp now owns 8,806 shares of the construction company’s stock worth $290,000 after acquiring an additional 695 shares during the period. Suntrust Banks Inc. boosted its holdings in shares of Quanta Services by 7.5% during the second quarter. Suntrust Banks Inc. now owns 10,077 shares of the construction company’s stock worth $331,000 after acquiring an additional 700 shares during the period. First Allied Advisory Services Inc. boosted its holdings in shares of Quanta Services by 10.6% during the second quarter. First Allied Advisory Services Inc. now owns 7,347 shares of the construction company’s stock worth $243,000 after acquiring an additional 702 shares during the period. Finally, Nomura Holdings Inc. boosted its holdings in shares of Quanta Services by 7.6% during the second quarter. Nomura Holdings Inc. now owns 11,280 shares of the construction company’s stock worth $371,000 after acquiring an additional 794 shares during the period. 85.85% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services (NYSE PWR) opened at $38.53 on Friday. The firm has a market capitalization of $5,960.00, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.11 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 has a 12-month low of $30.23 and a 12-month high of $40.10.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 8.47% and a net margin of 3.18%. The business’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. equities analysts forecast that Quanta Services will post 1.77 EPS for the current year.

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Quanta Services Company 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.

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