Nomura Holdings Inc. Sells 83,694 Shares of Quanta Services Inc (NYSE:PWR)

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Nomura Holdings Inc. cut its position in shares of Quanta Services Inc (NYSE:PWR) by 19.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 352,791 shares of the construction company’s stock after selling 83,694 shares during the quarter. Nomura Holdings Inc. owned approximately 0.25% of Quanta Services worth $13,777,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Quanta Services by 3.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,264 shares of the construction company’s stock worth $312,000 after purchasing an additional 297 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in Quanta Services by 2.3% during the second quarter. LS Investment Advisors LLC now owns 15,781 shares of the construction company’s stock worth $603,000 after buying an additional 350 shares during the period. First National Bank of Omaha lifted its holdings in Quanta Services by 0.3% during the second quarter. First National Bank of Omaha now owns 146,928 shares of the construction company’s stock worth $5,611,000 after buying an additional 372 shares during the period. Rehmann Capital Advisory Group lifted its holdings in Quanta Services by 5.1% during the first quarter. Rehmann Capital Advisory Group now owns 8,485 shares of the construction company’s stock worth $320,000 after buying an additional 412 shares during the period. Finally, Peddock Capital Advisors LLC lifted its holdings in Quanta Services by 2.5% during the second quarter. Peddock Capital Advisors LLC now owns 18,252 shares of the construction company’s stock worth $697,000 after buying an additional 447 shares during the period. Hedge funds and other institutional investors own 85.74% of the company’s stock.

PWR has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on Quanta Services from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Vertical Research started coverage on Quanta Services in a research report on Friday, August 23rd. They issued a “buy” rating and a $41.00 target price on the stock. Citigroup upped their target price on Quanta Services from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. TheStreet downgraded Quanta Services from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Finally, Stephens set a $42.00 target price on Quanta Services and gave the company a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $43.29.

Shares of PWR stock traded down $0.40 during mid-day trading on Friday, hitting $37.48. 44,307 shares of the stock were exchanged, compared to its average volume of 1,263,790. The firm has a fifty day moving average of $34.51 and a 200 day moving average of $36.91. The company has a quick ratio of 1.93, a current ratio of 1.97 and a debt-to-equity ratio of 0.45. Quanta Services Inc has a 52-week low of $27.90 and a 52-week high of $41.00. The company has a market cap of $5.39 billion, a PE ratio of 14.80 and a beta of 1.18.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, August 1st. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.45). Quanta Services had a return on equity of 11.41% and a net margin of 2.80%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the company earned $0.59 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that Quanta Services Inc will post 2.89 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a $0.04 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.43%. Quanta Services’s dividend payout ratio (DPR) is 6.32%.

Quanta Services Profile

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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