Polymer Capital Management HK LTD Takes Position in Quanta Services, Inc. (NYSE:PWR)

Polymer Capital Management HK LTD acquired a new stake in Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,000 shares of the construction company’s stock, valued at approximately $1,264,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Webster Bank N. A. grew its holdings in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after purchasing an additional 81 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Quanta Services in the 4th quarter valued at about $27,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Quanta Services during the 3rd quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new stake in Quanta Services in the third quarter valued at $31,000. Finally, Sound Income Strategies LLC raised its stake 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 buying an additional 91 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 5.0 %

Shares of PWR opened at $239.50 on Friday. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a market cap of $35.49 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The firm’s fifty day moving average is $273.15 and its two-hundred day moving average is $304.21.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share 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 business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Thursday, April 3rd. Quanta Services’s dividend payout ratio (DPR) is 6.63%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PWR shares. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Daiwa Capital Markets downgraded Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Bank of America assumed coverage on Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 target price on the stock. Stifel Nicolaus reduced their price objective on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $338.00 to $316.00 in a report on Tuesday, February 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average 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.