Quanta Services, Inc. (NYSE:PWR) Shares Bought by Horizon Investments LLC

Horizon Investments LLC lifted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 85.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,710 shares of the construction company’s stock after acquiring an additional 4,013 shares during the period. Horizon Investments LLC’s holdings in Quanta Services were worth $2,752,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PWR. Raymond James Financial Inc. bought a new position in shares of Quanta Services during the fourth quarter worth about $203,068,000. Alkeon Capital Management LLC grew its position in shares of Quanta Services by 62.5% during the third quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after acquiring an additional 250,000 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Quanta Services during the fourth quarter worth about $53,949,000. Union Bancaire Privee UBP SA bought a new position in shares of Quanta Services during the fourth quarter worth about $46,364,000. Finally, Public Sector Pension Investment Board grew its position in Quanta Services by 81.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after buying an additional 125,530 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR stock opened at $263.35 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a one year low of $227.11 and a one year high of $365.88. The firm has a market capitalization of $39.03 billion, a PE ratio of 43.67, a P/E/G ratio of 1.41 and a beta of 1.10. The firm has a 50-day moving average of $291.85 and a two-hundred day moving average of $304.45.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Bank of America assumed coverage on shares of Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price for the company. Stifel Nicolaus decreased their target price on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Daiwa America lowered shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $338.00 to $316.00 in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus target price 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.