Anderson Hoagland & Co. Lowers Holdings in Quanta Services Inc (NYSE:PWR)

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Anderson Hoagland & Co. cut its position in Quanta Services Inc (NYSE:PWR) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,889 shares of the construction company’s stock after selling 909 shares during the quarter. Quanta Services comprises 1.2% of Anderson Hoagland & Co.’s investment portfolio, making the stock its 18th biggest position. Anderson Hoagland & Co.’s holdings in Quanta Services were worth $1,962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Quanta Services by 23.9% in the 2nd quarter. BlackRock Inc. now owns 10,852,772 shares of the construction company’s stock worth $414,467,000 after purchasing an additional 2,091,884 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Quanta Services by 3.3% in the 2nd quarter. Invesco Ltd. now owns 2,220,654 shares of the construction company’s stock worth $84,806,000 after buying an additional 70,462 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Quanta Services by 38.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,862,024 shares of the construction company’s stock worth $71,111,000 after buying an additional 512,376 shares during the last quarter. Rothschild & Co. Asset Management US Inc. bought a new position in shares of Quanta Services in the 2nd quarter worth $67,213,000. Finally, Neuberger Berman Group LLC increased its holdings in shares of Quanta Services by 30.4% in the 1st quarter. Neuberger Berman Group LLC now owns 1,676,383 shares of the construction company’s stock worth $63,267,000 after buying an additional 390,856 shares during the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.

Shares of PWR stock traded up $0.21 on Wednesday, hitting $37.28. 891,833 shares of the company’s stock traded hands, compared to its average volume of 1,387,006. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.93 and a current ratio of 1.97. Quanta Services Inc has a one year low of $27.90 and a one year high of $41.00. The company’s fifty day simple moving average is $35.89 and its 200 day simple moving average is $37.01. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 14.74 and a beta of 1.20.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, August 1st. The construction company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.45). Quanta Services had a net margin of 2.80% and a return on equity of 11.41%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the business posted $0.59 EPS. Quanta Services’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Quanta Services Inc will post 2.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, September 30th. Quanta Services’s dividend payout ratio is currently 6.32%.

PWR has been the topic of a number of research analyst reports. ValuEngine lowered shares of Quanta Services from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Stifel Nicolaus increased their price target on shares of Quanta Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. TheStreet raised shares of Quanta Services from a “c+” rating to a “b-” rating in a report on Wednesday, September 25th. Citigroup increased their price target on shares of Quanta Services from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Stephens set a $42.00 price target on shares of Quanta Services and gave the stock a “buy” rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.57.

Quanta Services Company Profile

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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