Quanta Services Inc (NYSE:PWR) was the recipient of unusually large options trading on Tuesday. Traders acquired 1,124 put options on the stock. This represents an increase of 806% compared to the typical daily volume of 124 put options.

Several research analysts have weighed in on the company. Zacks Investment Research lowered Quanta Services from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Robert W. Baird set a $42.00 target price on Quanta Services and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “buy” rating on shares of Quanta Services in a report on Thursday, December 14th. KeyCorp reiterated a “buy” rating and set a $46.00 target price on shares of Quanta Services in a report on Wednesday, November 29th. Finally, B. Riley lifted their target price on Quanta Services from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $44.73.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PWR. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Quanta Services in the 3rd quarter valued at about $111,000. Tower Research Capital LLC TRC raised its stake in shares of Quanta Services by 182.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,390 shares of the construction company’s stock valued at $112,000 after purchasing an additional 2,190 shares during the period. Commonwealth Bank of Australia acquired a new stake in shares of Quanta Services in the 2nd quarter valued at about $164,000. Intact Investment Management Inc. acquired a new stake in shares of Quanta Services in the 3rd quarter valued at about $209,000. Finally, Maple Capital Management Inc. acquired a new stake in shares of Quanta Services in the 3rd quarter valued at about $213,000. 85.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Quanta Services (NYSE:PWR) opened at $38.53 on Friday. Quanta Services has a 12 month low of $30.23 and a 12 month high of $40.10. The stock has a market capitalization of $5,960.00, a PE ratio of 20.83, a price-to-earnings-growth ratio of 2.11 and a beta of 0.87. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. equities research analysts forecast that Quanta Services will post 1.77 earnings per share for the current fiscal year.

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Quanta Services Company Profile

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.

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