1,090 Shares in Quanta Services, Inc. (NYSE:PWR) Purchased by Phocas Financial Corp.

Phocas Financial Corp. purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,090 shares of the construction company’s stock, valued at approximately $155,000.

Several other institutional investors and hedge funds have also bought and sold shares of PWR. Avitas Wealth Management LLC increased its stake in shares of Quanta Services by 1.3% during the fourth quarter. Avitas Wealth Management LLC now owns 21,477 shares of the construction company’s stock valued at $3,060,000 after buying an additional 272 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in Quanta Services in the 4th quarter worth $2,005,000. Coldstream Capital Management Inc. bought a new position in Quanta Services in the 4th quarter worth $634,000. Radnor Capital Management LLC boosted its stake in shares of Quanta Services by 2.0% during the 4th quarter. Radnor Capital Management LLC now owns 10,755 shares of the construction company’s stock valued at $1,641,000 after purchasing an additional 215 shares in the last quarter. Finally, Brookstone Capital Management boosted its stake in shares of Quanta Services by 4.3% during the 4th quarter. Brookstone Capital Management now owns 3,701 shares of the construction company’s stock valued at $515,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity

In other news, EVP Donald Wayne sold 23,214 shares of Quanta Services stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $163.68, for a total transaction of $3,799,667.52. Following the completion of the transaction, the executive vice president now directly owns 50,367 shares in the company, valued at $8,244,070.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PWR. UBS Group lifted their price objective on Quanta Services to $170.00 in a research report on Monday, November 21st. Citigroup lifted their price objective on Quanta Services from $161.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, December 9th. StockNews.com began coverage on Quanta Services in a research report on Thursday. They set a “hold” rating on the stock. DA Davidson lifted their price objective on Quanta Services from $140.00 to $160.00 in a research report on Friday, February 24th. Finally, Cowen lifted their price objective on Quanta Services from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Tuesday, December 27th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.25.

Quanta Services Price Performance

PWR stock opened at $155.10 on Friday. The firm has a 50 day moving average price of $153.21 and a 200-day moving average price of $145.14. Quanta Services, Inc. has a 52-week low of $106.33 and a 52-week high of $168.75. The firm has a market capitalization of $22.33 billion, a price-to-earnings ratio of 46.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63.

Quanta Services Profile

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Quanta Services, Inc engages in the provision of comprehensive infrastructure solutions to the electric power, oil and gas, and communication industries. It operates through the following segments: Electric Power Infrastructure Solutions, Renewable Energy Infrastructure Solutions, and Underground Utility and Infrastructure Solutions.