J.Safra Asset Management Corp Has $195,000 Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

J.Safra Asset Management Corp raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 164.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 611 shares of the construction company’s stock after acquiring an additional 380 shares during the quarter. J.Safra Asset Management Corp’s holdings in Quanta Services were worth $195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PWR. Webster Bank N. A. lifted 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 acquired a new stake in shares of Quanta Services in the fourth quarter worth $27,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Quanta Services in the third quarter worth $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services in the third quarter worth $31,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Quanta Services by 700.0% in the fourth 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 last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Up 1.4 %

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 firm’s 50-day simple moving average is $306.07 and its 200-day simple moving average is $305.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The firm has a market cap of $37.52 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 1.41 and a beta of 1.05.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping 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 firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PWR shares. 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. Roth Mkm initiated coverage on shares of Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 target price for the company. Daiwa America cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Bank of America initiated coverage on shares of Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 target price for the company. Finally, Citigroup cut their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.