SBI Securities Co. Ltd. Invests $227,000 in Quanta Services, Inc. (NYSE:PWR)

SBI Securities Co. Ltd. bought a new position in Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 717 shares of the construction company’s stock, valued at approximately $227,000.

Several other institutional investors have also modified their holdings of PWR. Swedbank AB lifted its stake in shares of Quanta Services by 4.6% in the third quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock worth $286,248,000 after acquiring an additional 42,579 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Quanta Services by 12.9% during the third quarter. Farther Finance Advisors LLC now owns 1,088 shares of the construction company’s stock valued at $324,000 after buying an additional 124 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Quanta Services by 8,786.6% during the third quarter. Van ECK Associates Corp now owns 29,948 shares of the construction company’s stock valued at $9,183,000 after purchasing an additional 29,611 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Quanta Services by 15.0% in the 3rd quarter. QRG Capital Management Inc. now owns 12,512 shares of the construction company’s stock worth $3,730,000 after purchasing an additional 1,636 shares during the last quarter. Finally, PDS Planning Inc acquired a new position in Quanta Services during the 3rd quarter valued at approximately $222,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE PWR opened at $253.20 on Thursday. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $37.52 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 1.41 and a beta of 1.05. The firm has a 50-day moving average of $306.07 and a two-hundred day moving average of $305.76.

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. As a group, analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PWR. Bank of America began coverage on Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 price objective for the company. Citigroup lowered their price target 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. JPMorgan Chase & Co. upped their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Guggenheim assumed coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They set a “neutral” rating for the company. Finally, Stifel Nicolaus lowered their price target 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. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.