Quanta Services, Inc. (NYSE:PWR) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,575 shares of the construction company’s stock after selling 130 shares during the period. Cozad Asset Management Inc.’s holdings in Quanta Services were worth $4,922,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Quanta Services in the 4th quarter worth approximately $203,068,000. Alkeon Capital Management LLC boosted its position in Quanta Services by 62.5% during the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after acquiring an additional 250,000 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Quanta Services in the fourth quarter worth $53,949,000. Union Bancaire Privee UBP SA acquired a new position in shares of Quanta Services during the fourth quarter valued at $46,364,000. Finally, Public Sector Pension Investment Board raised its stake in shares of Quanta Services by 81.7% during the third quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after purchasing an additional 125,530 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE PWR opened at $261.47 on Monday. 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 firm has a market capitalization of $38.75 billion, a price-to-earnings ratio of 43.36, a P/E/G ratio of 1.41 and a beta of 1.10. The company’s fifty day moving average is $294.19 and its two-hundred day moving average is $304.56. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on PWR shares. JPMorgan Chase & Co. raised their target price on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Roth Capital upgraded shares of Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Truist Financial cut their target price on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Roth Mkm began coverage on Quanta Services in a research report on Friday, February 21st. They set a “buy” rating and a $350.00 price target on the stock. Finally, Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $326.95.

Quanta Services Company 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.