Quanta Services Inc (NYSE:PWR) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its holdings in Quanta Services Inc (NYSE:PWR) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,040 shares of the construction company’s stock after purchasing an additional 519 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Quanta Services were worth $423,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Palouse Capital Management Inc. increased its holdings in Quanta Services by 3.3% during the 4th quarter. Palouse Capital Management Inc. now owns 10,540 shares of the construction company’s stock worth $317,000 after acquiring an additional 336 shares during the period. Boston Partners boosted its stake in shares of Quanta Services by 0.6% in the 4th quarter. Boston Partners now owns 76,946 shares of the construction company’s stock valued at $2,316,000 after purchasing an additional 484 shares in the last quarter. Ramsey Quantitative Systems boosted its stake in shares of Quanta Services by 6.6% in the 4th quarter. Ramsey Quantitative Systems now owns 9,665 shares of the construction company’s stock valued at $291,000 after purchasing an additional 595 shares in the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of Quanta Services by 3.5% in the 4th quarter. Virginia Retirement Systems ET AL now owns 17,800 shares of the construction company’s stock valued at $536,000 after purchasing an additional 600 shares in the last quarter. Finally, Private Capital Group LLC boosted its stake in shares of Quanta Services by 79.6% in the 4th quarter. Private Capital Group LLC now owns 1,690 shares of the construction company’s stock valued at $51,000 after purchasing an additional 749 shares in the last quarter. 87.82% of the stock is currently owned by institutional investors.

In other news, Director Bernard Fried sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $36.63, for a total transaction of $146,520.00. Following the sale, the director now owns 8,953 shares of the company’s stock, valued at approximately $327,948.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Donald Wayne sold 1,295 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $36.09, for a total transaction of $46,736.55. Following the sale, the executive vice president now directly owns 30,054 shares in the company, valued at approximately $1,084,648.86. The disclosure for this sale can be found here. Insiders have sold a total of 105,295 shares of company stock worth $4,193,257 over the last three months. 1.20% of the stock is currently owned by insiders.

PWR has been the subject of a number of recent analyst reports. DA Davidson lowered shares of Quanta Services from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Quanta Services from a “sell” rating to a “hold” rating and set a $41.00 price target for the company in a report on Monday, February 25th. B. Riley reiterated a “buy” rating and set a $47.00 price target (down from $56.00) on shares of Quanta Services in a report on Monday, March 11th. ValuEngine lowered shares of Quanta Services from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Citigroup set a $46.00 price objective on shares of Quanta Services and gave the stock a “buy” rating in a report on Friday, February 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.60.

Shares of Quanta Services stock traded down $0.08 during trading on Friday, hitting $40.01. The company’s stock had a trading volume of 1,241,777 shares, compared to its average volume of 1,292,785. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.84 and a quick ratio of 1.78. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.54 and a beta of 1.05. Quanta Services Inc has a 52 week low of $27.90 and a 52 week high of $40.47.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 21st. The construction company reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.06. Quanta Services had a net margin of 2.63% and a return on equity of 10.63%. The company had revenue of $3.11 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business earned $0.45 EPS. Quanta Services’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, equities analysts anticipate that Quanta Services Inc will post 3.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.40%. The ex-dividend date was Thursday, April 4th. Quanta Services’s dividend payout ratio (DPR) is 6.32%.

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About Quanta Services

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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