Altshuler Shaham Ltd Invests $280,000 in Quanta Services, Inc. (NYSE:PWR)

Altshuler Shaham Ltd purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 885 shares of the construction company’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farringdon Capital Ltd. purchased a new stake in shares of Quanta Services during the fourth quarter worth about $340,000. MSH Capital Advisors LLC acquired a new stake in Quanta Services during the 4th quarter valued at approximately $272,000. NewEdge Advisors LLC increased its holdings in Quanta Services by 66.1% during the 4th quarter. NewEdge Advisors LLC now owns 14,870 shares of the construction company’s stock worth $4,700,000 after purchasing an additional 5,918 shares during the last quarter. Insigneo Advisory Services LLC raised its position in shares of Quanta Services by 8.7% in the 4th quarter. Insigneo Advisory Services LLC now owns 1,670 shares of the construction company’s stock valued at $528,000 after purchasing an additional 134 shares in the last quarter. Finally, United Capital Financial Advisors LLC boosted its stake in shares of Quanta Services by 5.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 7,882 shares of the construction company’s stock valued at $2,491,000 after buying an additional 422 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. B. Riley reaffirmed a “neutral” rating and issued a $300.00 price target (down from $343.00) on shares of Quanta Services in a report on Wednesday, March 19th. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and cut their target price for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Daiwa Capital Markets downgraded Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Bank of America started coverage on Quanta Services in a report on Friday, January 24th. They set a “buy” rating and a $407.00 target price on the stock. Finally, Stifel Nicolaus lowered their price target on Quanta Services from $323.00 to $287.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $319.25.

Quanta Services Price Performance

Shares of PWR opened at $269.72 on Thursday. The firm has a market capitalization of $39.97 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The stock’s fifty day moving average is $265.12 and its 200-day moving average is $301.99. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services’s payout ratio is 6.63%.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.