Stifel Financial Corp lifted its stake in shares of Quanta Services Inc (NYSE:PWR) by 21.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 229,553 shares of the construction company’s stock after acquiring an additional 40,142 shares during the quarter. Stifel Financial Corp owned approximately 0.16% of Quanta Services worth $8,697,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. NEXT Financial Group Inc bought a new position in shares of Quanta Services in the second quarter worth approximately $33,000. Usca Ria LLC purchased a new stake in Quanta Services in the 3rd quarter worth $34,000. Transamerica Financial Advisors Inc. purchased a new stake in Quanta Services in the 2nd quarter worth $37,000. North Star Investment Management Corp. bought a new stake in Quanta Services during the third quarter valued at about $38,000. Finally, Parkside Financial Bank & Trust raised its holdings in Quanta Services by 60.7% during the third quarter. Parkside Financial Bank & Trust now owns 1,038 shares of the construction company’s stock valued at $39,000 after acquiring an additional 392 shares during the period. 89.04% of the stock is owned by institutional investors.

NYSE:PWR opened at $40.64 on Wednesday. The business’s 50-day moving average is $41.75 and its 200 day moving average is $37.73. Quanta Services Inc has a 12 month low of $27.90 and a 12 month high of $44.09. The company has a market capitalization of $5.93 billion, a P/E ratio of 16.06, a P/E/G ratio of 0.96 and a beta of 1.25. The company has a current ratio of 1.82, a quick ratio of 1.80 and a debt-to-equity ratio of 0.51.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.17. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.17 billion. Quanta Services had a return on equity of 12.17% and a net margin of 2.81%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. On average, research analysts forecast that Quanta Services Inc will post 2.98 earnings per share for the current year.

In other Quanta Services news, CAO Jerry K. Lemon sold 2,750 shares of Quanta Services stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.70, for a total value of $120,175.00. Following the completion of the transaction, the chief accounting officer now directly owns 10,277 shares of the company’s stock, valued at approximately $449,104.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dorothy Upperman sold 5,764 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $43.86, for a total transaction of $252,809.04. Following the completion of the sale, the vice president now owns 13,134 shares in the company, valued at $576,057.24. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

A number of equities analysts have recently weighed in on the company. TheStreet raised Quanta Services from a “c+” rating to a “b-” rating in a research note on Wednesday, September 25th. Citigroup upped their price target on Quanta Services from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus increased their price objective on shares of Quanta Services from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. ValuEngine upgraded shares of Quanta Services from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Vertical Research started coverage on shares of Quanta Services in a report on Friday, August 23rd. They issued a “buy” rating and a $41.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.33.

About Quanta Services

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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

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