Quanta Services, Inc. (NYSE:PWR) Shares Sold by Avalon Trust Co

Avalon Trust Co lessened its stake in Quanta Services, Inc. (NYSE:PWR) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,938 shares of the construction company’s stock after selling 2,826 shares during the quarter. Quanta Services comprises about 2.0% of Avalon Trust Co’s holdings, making the stock its 10th largest holding. Avalon Trust Co owned approximately 0.06% of Quanta Services worth $28,425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PWR. Webster Bank N. A. boosted its holdings in Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after acquiring an additional 81 shares during the period. Sierra Ocean LLC purchased a new position in shares of Quanta Services during the 4th quarter valued at approximately $27,000. Prestige Wealth Management Group LLC purchased a new position in shares of Quanta Services during the 3rd quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of Quanta Services during the 3rd quarter valued at approximately $31,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

PWR has been the subject of several research analyst reports. Stifel Nicolaus reduced their target price on Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Daiwa Capital Markets cut Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Roth Mkm initiated coverage on Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 target price for the company. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Finally, Roth Capital raised Quanta Services to a “strong-buy” rating in a research report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Quanta Services Price Performance

Shares of NYSE PWR opened at $261.47 on Friday. Quanta Services, Inc. has a 1-year low of $227.11 and a 1-year high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The business’s fifty day moving average price is $294.19 and its two-hundred day moving average price is $304.30. The firm has a market capitalization of $38.75 billion, a PE ratio of 43.36, a P/E/G ratio of 1.41 and a beta of 1.10.

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

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.