Quanta Services, Inc. (NYSE:PWR) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,153 shares of the construction company’s stock after purchasing an additional 4,631 shares during the period. Daiwa Securities Group Inc.’s holdings in Quanta Services were worth $22,804,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PWR. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Quanta Services by 14.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 263,138 shares of the construction company’s stock valued at $83,165,000 after buying an additional 32,993 shares in the last quarter. Simplicity Wealth LLC increased its stake in shares of Quanta Services by 28.1% during the 4th quarter. Simplicity Wealth LLC now owns 908 shares of the construction company’s stock worth $287,000 after purchasing an additional 199 shares in the last quarter. Amundi boosted its position in Quanta Services by 7.1% during the fourth quarter. Amundi now owns 418,498 shares of the construction company’s stock worth $130,655,000 after acquiring an additional 27,753 shares during the last quarter. Larson Financial Group LLC boosted its position in Quanta Services by 7.8% during the fourth quarter. Larson Financial Group LLC now owns 456 shares of the construction company’s stock worth $144,000 after acquiring an additional 33 shares during the last quarter. Finally, Berkshire Asset Management LLC PA acquired a new stake in Quanta Services during the fourth quarter worth approximately $356,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Down 4.0 %

Shares of NYSE:PWR opened at $236.09 on Tuesday. The company has a 50 day moving average of $301.17 and a 200-day moving average of $305.31. The firm has a market cap of $34.99 billion, a P/E ratio of 39.15, a P/E/G ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. As a group, analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PWR has been the topic of a number of research analyst reports. Roth Capital upgraded shares of Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Stifel Nicolaus dropped their price target on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Citigroup dropped their price target on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Finally, Daiwa Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.95.

Quanta Services Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.