Banque Cantonale Vaudoise Decreases Position in Quanta Services, Inc. (NYSE:PWR)

Banque Cantonale Vaudoise cut its position in Quanta Services, Inc. (NYSE:PWR – Get Rating) by 59.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,300 shares of the construction company’s stock after selling 4,800 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Quanta Services were worth $471,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Quanta Services by 1.2% in the first quarter. Vanguard Group Inc. now owns 15,363,311 shares of the construction company’s stock worth $2,021,965,000 after buying an additional 182,092 shares during the last quarter. Peconic Partners LLC raised its holdings in shares of Quanta Services by 1.2% during the third quarter. Peconic Partners LLC now owns 5,531,203 shares of the construction company’s stock valued at $704,620,000 after purchasing an additional 65,492 shares during the last quarter. State Street Corp raised its holdings in shares of Quanta Services by 0.8% during the third quarter. State Street Corp now owns 5,421,891 shares of the construction company’s stock valued at $691,070,000 after purchasing an additional 45,137 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Quanta Services by 52.2% during the first quarter. Royal Bank of Canada now owns 1,492,323 shares of the construction company’s stock valued at $196,405,000 after purchasing an additional 511,508 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Quanta Services by 6.2% during the fourth quarter. Franklin Resources Inc. now owns 1,195,541 shares of the construction company’s stock valued at $170,365,000 after purchasing an additional 69,651 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Donald Wayne sold 3,956 shares of the company’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $162.85, for a total transaction of $644,234.60. Following the completion of the transaction, the executive vice president now owns 46,823 shares in the company, valued at $7,625,125.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Donald Wayne sold 3,956 shares of the company’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $162.85, for a total transaction of $644,234.60. Following the completion of the transaction, the executive vice president now owns 46,823 shares in the company, valued at $7,625,125.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Derrick A. Jensen sold 100,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $169.36, for a total transaction of $16,936,000.00. Following the transaction, the executive vice president now owns 282,225 shares of the company’s stock, valued at approximately $47,797,626. The disclosure for this sale can be found here. Over the last quarter, insiders sold 276,646 shares of company stock worth $46,856,598. 1.20% of the stock is owned by insiders.

Quanta Services Stock Performance

PWR opened at $172.85 on Friday. The firm has a market cap of $25.09 billion, a P/E ratio of 50.99 and a beta of 1.08. Quanta Services, Inc. has a 1-year low of $112.86 and a 1-year high of $176.29. The company has a 50 day simple moving average of $166.20 and a two-hundred day simple moving average of $155.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.63 and a quick ratio of 1.58.

Quanta Services (NYSE:PWR – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The construction company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.06. The business had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.27 billion. Quanta Services had a net margin of 2.86% and a return on equity of 15.72%. Equities analysts forecast that Quanta Services, Inc. will post 6.42 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Monday, July 3rd will be given a dividend of $0.08 per share. The ex-dividend date is Friday, June 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.19%. Quanta Services’s dividend payout ratio is 9.44%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PWR. DA Davidson boosted their price objective on shares of Quanta Services from $160.00 to $170.00 in a report on Tuesday, May 9th. Robert W. Baird boosted their price objective on shares of Quanta Services from $173.00 to $186.00 in a report on Friday, May 5th. KeyCorp boosted their price objective on shares of Quanta Services from $174.00 to $190.00 in a report on Monday, April 24th. The Goldman Sachs Group upped their target price on shares of Quanta Services from $150.00 to $171.00 and gave the company a “neutral” rating in a report on Monday, April 17th. Finally, Northland Securities upped their target price on shares of Quanta Services from $171.00 to $190.00 in a report on Thursday, May 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $177.91.

Quanta Services Company 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.