CVA Family Office LLC Takes Position in Quanta Services, Inc. (NYSE:PWR)

CVA Family Office LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 280 shares of the construction company’s stock, valued at approximately $60,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cooper Financial Group grew its holdings in Quanta Services by 20.4% during the fourth quarter. Cooper Financial Group now owns 1,774 shares of the construction company’s stock worth $383,000 after acquiring an additional 300 shares during the period. Compagnie Lombard Odier SCmA grew its holdings in Quanta Services by 44.4% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,300 shares of the construction company’s stock worth $281,000 after acquiring an additional 400 shares during the period. HB Wealth Management LLC grew its holdings in Quanta Services by 5.5% during the fourth quarter. HB Wealth Management LLC now owns 2,660 shares of the construction company’s stock worth $574,000 after acquiring an additional 138 shares during the period. Archford Capital Strategies LLC purchased a new position in Quanta Services during the fourth quarter worth approximately $277,000. Finally, Advisor Resource Council boosted its position in Quanta Services by 261.4% during the fourth quarter. Advisor Resource Council now owns 7,604 shares of the construction company’s stock worth $1,641,000 after purchasing an additional 5,500 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Quanta Services news, EVP Donald Wayne sold 1,101 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the sale, the executive vice president now owns 40,065 shares of the company’s stock, valued at $10,494,626.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Derrick A. Jensen sold 18,500 shares of Quanta Services stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the sale, the executive vice president now directly owns 263,725 shares of the company’s stock, valued at $62,476,452.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Donald Wayne sold 1,101 shares of Quanta Services stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total value of $288,395.94. Following the completion of the sale, the executive vice president now directly owns 40,065 shares of the company’s stock, valued at $10,494,626.10. The disclosure for this sale can be found here. Insiders sold a total of 47,125 shares of company stock valued at $11,270,215 over the last quarter. 1.20% of the stock is owned by insiders.

Quanta Services Price Performance

PWR stock opened at $259.75 on Thursday. The business has a fifty day moving average of $224.33 and a two-hundred day moving average of $201.52. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The stock has a market cap of $37.86 billion, a price-to-earnings ratio of 51.85 and a beta of 1.10. Quanta Services, Inc. has a 52-week low of $153.74 and a 52-week high of $262.01.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.21. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Quanta Services had a return on equity of 16.46% and a net margin of 3.57%. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 earnings per share. As a group, research analysts anticipate that Quanta Services, Inc. will post 7.63 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on PWR shares. KeyCorp started coverage on Quanta Services in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Evercore ISI started coverage on Quanta Services in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $237.00 target price on the stock. Stifel Nicolaus raised their target price on Quanta Services from $237.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Citigroup raised their target price on Quanta Services from $234.00 to $237.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, TD Cowen raised their target price on Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.54.

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.