Donald Wayne Sells 1,101 Shares of Quanta Services, Inc. (NYSE:PWR) Stock

Quanta Services, Inc. (NYSE:PWR) EVP Donald Wayne sold 1,101 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 40,065 shares of the company’s stock, valued at approximately $10,494,626.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Donald Wayne also recently made the following trade(s):

• On Tuesday, March 12th, Donald Wayne sold 595 shares of Quanta Services stock. The shares were sold at an average price of $239.61, for a total value of $142,567.95.
• On Monday, March 4th, Donald Wayne sold 8,842 shares of Quanta Services stock. The stock was sold at an average price of $242.27, for a total value of $2,142,151.34.

Quanta Services Trading Up 0.2 %

Shares of NYSE:PWR opened at $259.75 on Thursday. The company has a 50 day moving average of $224.33 and a 200-day moving average of $201.52. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58. The firm has a market cap of $37.86 billion, a P/E ratio of 51.85 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $153.74 and a twelve month high of $262.01.

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

Hedge Funds Weigh In On Quanta Services

Several large investors have recently made changes to their positions in PWR. Nomura Holdings Inc. acquired a new stake in Quanta Services during the fourth quarter valued at approximately $631,000. HighPoint Advisor Group LLC acquired a new stake in shares of Quanta Services during the 4th quarter valued at $1,347,000. Walden Wealth Partners LLC bought a new stake in shares of Quanta Services during the 4th quarter worth $272,000. Vanguard Group Inc. raised its position in shares of Quanta Services by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 16,235,875 shares of the construction company’s stock worth $3,503,702,000 after purchasing an additional 191,334 shares during the period. Finally, Wahed Invest LLC lifted its holdings in shares of Quanta Services by 7.3% during the fourth quarter. Wahed Invest LLC now owns 2,454 shares of the construction company’s stock valued at $530,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on PWR. Evercore ISI assumed coverage on shares of Quanta Services in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $237.00 price target on the stock. Stifel Nicolaus increased their price target on Quanta Services from $237.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. TD Cowen boosted their price objective on Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Citigroup raised their target price on Quanta Services from $234.00 to $237.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, The Goldman Sachs Group upped their price target on shares of Quanta Services from $227.00 to $259.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.