Arcadia Investment Management Corp MI Has $668,000 Stake in Quanta Services, Inc. (NYSE:PWR)

Arcadia Investment Management Corp MI raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 111.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,115 shares of the construction company’s stock after acquiring an additional 1,115 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Quanta Services were worth $668,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. increased its stake in Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after buying an additional 81 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Quanta Services in the 4th quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new stake in Quanta Services in the 3rd quarter valued at $31,000. Prestige Wealth Management Group LLC acquired a new stake in Quanta Services in the 3rd quarter valued at $30,000. Finally, Sound Income Strategies LLC increased its stake in 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 during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of PWR stock opened at $280.89 on Friday. The company has a market capitalization of $41.46 billion, a price-to-earnings ratio of 51.82, a PEG ratio of 1.46 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The company has a 50-day simple moving average of $317.38 and a 200 day simple moving average of $304.97. Quanta Services, Inc. has a 52 week low of $206.58 and a 52 week high of $365.88.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share 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%. On average, sell-side analysts predict that Quanta Services, Inc. will post 7.91 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on PWR. BMO Capital Markets began coverage on shares of Quanta Services in a research note on Monday, February 3rd. They issued an “outperform” rating and a $338.00 price target on the stock. Guggenheim started coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating for the company. Bank of America started coverage on shares of Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective 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. Finally, Truist Financial decreased their price objective on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Four 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $330.50.

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.