Quanta Services VP Wilson M. Jr. Yancey Sells 1,438 Shares (PWR)
Quanta Services (NYSE:PWR) VP Wilson M. Jr. Yancey sold 1,438 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $35.01, for a total value of $50,344.38. Following the transaction, the vice president now directly owns 8,926 shares of the company’s stock, valued at approximately $312,499. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
PWR has been the subject of a number of recent research reports. Analysts at Robert W. Baird upgraded shares of Quanta Services from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $40.00 price target on the stock, down previously from $41.00. Analysts at Global Hunter Securities initiated coverage on shares of Quanta Services in a research note on Thursday, June 19th. They set a “buy” rating and a $41.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.33.
Quanta Services (NYSE:PWR) opened at 35.32 on Wednesday. Quanta Services has a one year low of $25.57 and a one year high of $37.42. The stock’s 50-day moving average is $34.70 and its 200-day moving average is $34.56. The company has a market cap of $7.657 billion and a price-to-earnings ratio of 19.48.
Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Analysts expect that Quanta Services will post $1.99 EPS for the current fiscal year.
Quanta Services, Inc (NYSE:PWR) is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and natural gas and oil pipeline industries.
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