Amalgamated Bank grew its stake in shares of Quanta Services Inc (NYSE:PWR) by 5.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,128 shares of the construction company’s stock after buying an additional 1,681 shares during the period. Amalgamated Bank’s holdings in Quanta Services were worth $1,217,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in PWR. State of Wisconsin Investment Board raised its position in shares of Quanta Services by 6.2% during the third quarter. State of Wisconsin Investment Board now owns 32,760 shares of the construction company’s stock valued at $1,224,000 after buying an additional 1,920 shares during the last quarter. Swiss National Bank raised its position in shares of Quanta Services by 1.0% during the third quarter. Swiss National Bank now owns 254,335 shares of the construction company’s stock valued at $9,504,000 after buying an additional 2,500 shares during the last quarter. Jennison Associates LLC raised its position in shares of Quanta Services by 17.5% during the third quarter. Jennison Associates LLC now owns 2,422,833 shares of the construction company’s stock valued at $90,541,000 after buying an additional 360,803 shares during the last quarter. HL Financial Services LLC acquired a new position in shares of Quanta Services during the third quarter valued at about $496,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Quanta Services by 31.9% during the third quarter. BNP Paribas Arbitrage SA now owns 81,665 shares of the construction company’s stock valued at $3,052,000 after buying an additional 19,767 shares during the last quarter. 83.31% of the stock is owned by institutional investors and hedge funds.
PWR has been the subject of a number of research analyst reports. Robert W. Baird set a $42.00 price objective on shares of Quanta Services and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Citigroup increased their price target on shares of Quanta Services from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research raised shares of Quanta Services from a “sell” rating to a “hold” rating in a research report on Friday, January 19th. Stifel Nicolaus reissued a “buy” rating on shares of Quanta Services in a research report on Thursday, December 14th. Finally, Stephens reissued a “buy” rating and issued a $49.00 price target on shares of Quanta Services in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.15.
Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.34 billion. Quanta Services had a net margin of 3.33% and a return on equity of 7.75%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share. analysts expect that Quanta Services Inc will post 2.41 EPS 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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