Quanta Services, Inc. (NYSE:PWR) Shares Purchased by First Manhattan CO. LLC.

First Manhattan CO. LLC. increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 6.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,305 shares of the construction company’s stock after acquiring an additional 83 shares during the period. First Manhattan CO. LLC.’s holdings in Quanta Services were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PWR. Principal Financial Group Inc. boosted its holdings in Quanta Services by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company’s stock worth $61,932,000 after buying an additional 11,012 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Quanta Services by 2.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 2,910 shares of the construction company’s stock worth $920,000 after buying an additional 72 shares during the last quarter. Czech National Bank boosted its holdings in Quanta Services by 6.6% in the 4th quarter. Czech National Bank now owns 32,006 shares of the construction company’s stock worth $10,115,000 after buying an additional 1,994 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in Quanta Services by 26.6% in the 4th quarter. Fiduciary Alliance LLC now owns 26,870 shares of the construction company’s stock worth $8,492,000 after buying an additional 5,643 shares during the last quarter. Finally, Brookstone Capital Management boosted its holdings in Quanta Services by 22.2% in the 4th quarter. Brookstone Capital Management now owns 29,982 shares of the construction company’s stock worth $9,476,000 after buying an additional 5,445 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Daiwa Capital Markets cut Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. Evercore ISI lifted their price objective on Quanta Services from $331.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Daiwa America upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Roth Mkm initiated coverage on shares of Quanta Services in a research note on Friday, February 21st. They issued a “buy” rating and a $350.00 target price on the stock. Finally, Bank of America initiated coverage on shares of Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 target price on the stock. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $344.35.

Quanta Services Stock Down 0.1%

PWR stock opened at $326.00 on Monday. The firm has a market cap of $48.33 billion, a PE ratio of 54.06, a PEG ratio of 1.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The firm’s 50 day moving average price is $271.55 and its 200-day moving average price is $300.57. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.41 EPS. On average, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services’s payout ratio is 6.45%.

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.