Waverton Investment Management Ltd Has $16.25 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Waverton Investment Management Ltd raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 22.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,382 shares of the construction company’s stock after buying an additional 9,419 shares during the quarter. Waverton Investment Management Ltd’s holdings in Quanta Services were worth $16,253,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PWR. Swedbank AB increased its position in Quanta Services by 4.6% during the third quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock worth $286,248,000 after acquiring an additional 42,579 shares during the period. Eastern Bank acquired a new position in shares of Quanta Services during the third quarter valued at about $44,000. International Assets Investment Management LLC lifted its stake in shares of Quanta Services by 29,655.3% in the third quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company’s stock valued at $44,269,000 after buying an additional 147,980 shares during the period. Assenagon Asset Management S.A. grew its position in Quanta Services by 10.9% during the third quarter. Assenagon Asset Management S.A. now owns 5,349 shares of the construction company’s stock worth $1,595,000 after buying an additional 526 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in Quanta Services by 2.5% during the third quarter. Ballentine Partners LLC now owns 3,123 shares of the construction company’s stock valued at $931,000 after acquiring an additional 77 shares during the period. 90.49% of the stock is owned by institutional investors.

Quanta Services Trading Down 4.1 %

Shares of PWR opened at $269.75 on Monday. The stock has a fifty day moving average price of $316.02 and a two-hundred day moving average price of $305.98. 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 company has a market cap of $39.82 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.41 and a beta of 1.05. Quanta Services, Inc. has a 52-week low of $221.07 and a 52-week high of $365.88.

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

Analyst Ratings Changes

PWR has been the subject of a number of research reports. Guggenheim initiated coverage on Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating for the company. Bank of America assumed coverage on Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price for the company. Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Daiwa Capital Markets started coverage on shares of Quanta Services in a research note on Friday, December 6th. They issued an “outperform” rating and a $355.00 price objective for the company. Finally, Northland Securities reiterated an “outperform” rating and set a $328.00 target price (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and an average target price of $331.53.

About Quanta Services

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.