Compass Capital Corp MA ADV Invests $262,000 in Quanta Services, Inc. (NYSE:PWR)

Compass Capital Corp MA ADV purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, Holdings Channel reports. The firm purchased 829 shares of the construction company’s stock, valued at approximately $262,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Webster Bank N. A. lifted its position in shares of Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after acquiring an additional 81 shares during the period. Sierra Ocean LLC bought a new stake in Quanta Services during the fourth quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in Quanta Services during the third quarter worth about $31,000. Prestige Wealth Management Group LLC bought a new position in Quanta Services in the 3rd quarter valued at about $30,000. Finally, Sound Income Strategies LLC raised its position in shares of Quanta Services by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after buying an additional 91 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR opened at $269.75 on Friday. The business has a 50-day moving average of $316.02 and a 200-day moving average of $305.18. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. The company has a market capitalization of $39.82 billion, a price-to-earnings ratio of 49.77, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. Quanta Services, Inc. has a 1 year low of $221.07 and a 1 year high of $365.88.

Quanta Services (NYSE:PWR) last released 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 3.54% and a return on equity of 16.71%. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 7.91 earnings per share for the current year.

Analyst Ratings Changes

PWR has been the subject of several research analyst reports. Citigroup lowered their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Daiwa America upgraded Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. Truist Financial decreased their target price on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Robert W. Baird increased their price objective on shares of Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.53.

Quanta Services 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.