Impact Investors Inc Purchases New Holdings in Quanta Services, Inc. (NYSE:PWR)

Impact Investors Inc bought a new stake in Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,090 shares of the construction company’s stock, valued at approximately $1,609,000. Quanta Services accounts for about 1.2% of Impact Investors Inc’s holdings, making the stock its 19th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versor Investments LP acquired a new stake in shares of Quanta Services during the 3rd quarter worth approximately $406,000. Kestra Private Wealth Services LLC boosted its position in shares of Quanta Services by 85.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company’s stock worth $1,502,000 after purchasing an additional 2,184 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Quanta Services by 5.6% during the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company’s stock worth $61,932,000 after purchasing an additional 11,012 shares during the period. Synovus Financial Corp increased its holdings in Quanta Services by 34.0% in the third quarter. Synovus Financial Corp now owns 7,206 shares of the construction company’s stock valued at $2,148,000 after purchasing an additional 1,830 shares during the last quarter. Finally, Waverton Investment Management Ltd boosted its holdings in Quanta Services by 6.5% during the third quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company’s stock worth $12,509,000 after buying an additional 2,557 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 1.9 %

PWR opened at $264.35 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88. The stock has a market capitalization of $39.02 billion, a price-to-earnings ratio of 43.84, a P/E/G ratio of 1.41 and a beta of 1.05. The company has a 50-day simple moving average of $312.93 and a 200 day simple moving average of $305.99.

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

Analyst Ratings Changes

A number of analysts recently weighed in on PWR shares. Bank of America initiated coverage on shares of Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 price target on the stock. Guggenheim started coverage on shares of Quanta Services in a report on Wednesday, January 8th. They issued a “neutral” rating for the company. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $338.00 to $316.00 in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Finally, Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and an average price target of $326.95.

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.