Compass Capital Corp MA ADV Invests $262,000 in Quanta Services, Inc. (NYSE:PWR)

Compass Capital Corp MA ADV acquired a new stake in Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 829 shares of the construction company’s stock, valued at approximately $262,000.

A number of other large investors have also recently added to or reduced their stakes in PWR. Webster Bank N. A. lifted its holdings in shares of Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC bought a new stake in Quanta Services in the 4th quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new position in Quanta Services during the 3rd quarter worth approximately $31,000. Prestige Wealth Management Group LLC bought a new position in shares of Quanta Services during the 3rd quarter worth approximately $30,000. Finally, Sound Income Strategies LLC lifted its position in shares of Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

PWR has been the subject of a number of analyst reports. Truist Financial decreased their target price on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Guggenheim assumed coverage on Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Roth Mkm assumed coverage on Quanta Services in a research report on Friday. They set a “buy” rating and a $350.00 price target for the company. Robert W. Baird boosted their price target on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Daiwa America raised Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $331.53.

Quanta Services Stock Down 4.1 %

Shares of PWR opened at $269.75 on Friday. The firm has a market cap of $39.82 billion, a P/E ratio of 49.77, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. Quanta Services, Inc. has a 52 week low of $221.07 and a 52 week high of $365.88. The firm’s 50-day simple moving average is $316.02 and its 200 day simple moving average is $305.18.

Quanta Services (NYSE:PWR) last announced 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. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. On average, analysts forecast that Quanta Services, Inc. will post 7.91 earnings per share for the current year.

Quanta Services Profile

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.