Waverton Investment Management Ltd Has $16.25 Million Stock Position in Quanta Services, Inc. (NYSE:PWR)

Waverton Investment Management Ltd raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 22.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 51,382 shares of the construction company’s stock after acquiring an additional 9,419 shares during the quarter. Waverton Investment Management Ltd’s holdings in Quanta Services were worth $16,253,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PWR. Webster Bank N. A. boosted its stake in Quanta Services by 4,050.0% in the fourth 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 last quarter. Sierra Ocean LLC bought a new stake in shares of Quanta Services during the 4th quarter valued at $27,000. Prestige Wealth Management Group LLC acquired a new position in shares of Quanta Services in the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC bought a new position in shares of Quanta Services in the 3rd quarter worth $31,000. Finally, Sound Income Strategies LLC grew its stake in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after purchasing an additional 91 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

PWR has been the topic of several analyst reports. Guggenheim assumed coverage on Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating on the stock. Daiwa Capital Markets assumed coverage on shares of Quanta Services in a research report on Friday, December 6th. They issued an “outperform” rating and a $355.00 price target on the stock. BMO Capital Markets initiated coverage on shares of Quanta Services in a report on Monday, February 3rd. They set an “outperform” rating and a $338.00 price objective for the company. Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Finally, Bank of America initiated coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 price target for the company. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $331.53.

Quanta Services Price Performance

Shares of PWR opened at $269.75 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a twelve month low of $221.07 and a twelve month high of $365.88. The stock has a market capitalization of $39.82 billion, a P/E ratio of 44.73, a P/E/G ratio of 1.41 and a beta of 1.05. The company has a 50 day moving average of $316.02 and a 200-day moving average of $305.98.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.12. The company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. As a group, equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

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.