Generali Asset Management SPA SGR Takes $1.69 Million Position in Quanta Services, Inc. (NYSE:PWR)

Generali Asset Management SPA SGR purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,356 shares of the construction company’s stock, valued at approximately $1,693,000.

A number of other institutional investors have also recently made changes to their positions in the company. Webster Bank N. A. lifted its holdings in Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Quanta Services during the 4th quarter worth about $27,000. Prestige Wealth Management Group LLC purchased a new stake in Quanta Services during the 3rd quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new stake in Quanta Services during the 3rd quarter worth about $31,000. Finally, Sound Income Strategies LLC lifted its holdings in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR opened at $271.32 on Friday. The stock’s 50 day simple moving average is $290.21 and its 200 day simple moving average is $303.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. Quanta Services, Inc. has a 1 year low of $227.11 and a 1 year high of $365.88. The firm has a market cap of $40.21 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 1.41 and a beta of 1.10.

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 return on equity of 18.00% and a net margin of 3.82%. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. As a group, analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Bank of America assumed coverage on Quanta Services in a report on Friday, January 24th. They set a “buy” rating and a $407.00 price objective on the stock. Stifel Nicolaus lowered their price target on Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Roth Mkm initiated coverage on Quanta Services in a report on Friday, February 21st. They issued a “buy” rating and a $350.00 price target on the stock. Guggenheim initiated coverage on Quanta Services in a report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Finally, Truist Financial lowered their price target on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.79.

Quanta Services Company Profile

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.