Robeco Institutional Asset Management B.V. Lowers Stake in Quanta Services, Inc. (NYSE:PWR)

Robeco Institutional Asset Management B.V. lessened its holdings in Quanta Services, Inc. (NYSE:PWR) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,544 shares of the construction company’s stock after selling 22,356 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.08% of Quanta Services worth $37,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PWR. Versor Investments LP bought a new stake in Quanta Services during the 3rd quarter valued at about $406,000. Principal Financial Group Inc. increased its position 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 valued at $61,932,000 after acquiring an additional 11,012 shares in the last quarter. Asio Capital LLC purchased a new position in Quanta Services in the 3rd quarter worth approximately $2,715,000. Waverton Investment Management Ltd lifted its position in Quanta Services by 6.5% in the 3rd quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company’s stock valued at $12,509,000 after acquiring an additional 2,557 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of Quanta Services by 34.0% in the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company’s stock worth $2,148,000 after purchasing an additional 1,830 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

PWR opened at $309.52 on Friday. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of 57.11 and a beta of 1.06. Quanta Services, Inc. has a fifty-two week low of $193.52 and a fifty-two week high of $365.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The company has a fifty day moving average of $329.27 and a 200 day moving average of $300.65.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.26. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.56 billion. During the same quarter last year, the business posted $2.08 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Quanta Services, Inc. will post 7.9 earnings per share for the current fiscal year.

Quanta Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 2nd. Quanta Services’s dividend payout ratio is 7.38%.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Daiwa Capital Markets assumed coverage on shares of Quanta Services in a research report on Friday, December 6th. They set an “outperform” rating and a $355.00 price objective on the stock. Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. 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 note on Tuesday. Finally, Citigroup reduced their price objective on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $330.06.

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.