Terra Alpha Investments LLC Makes New Investment in Quanta Services, Inc. (NYSE:PWR)

Terra Alpha Investments LLC acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,787 shares of the construction company’s stock, valued at approximately $881,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB boosted its stake in Quanta Services by 4.6% in the third quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock valued at $286,248,000 after acquiring an additional 42,579 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Quanta Services by 8.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 1,361 shares of the construction company’s stock valued at $406,000 after acquiring an additional 106 shares during the period. Huntington National Bank increased its holdings in shares of Quanta Services by 2.9% in the 3rd quarter. Huntington National Bank now owns 1,240 shares of the construction company’s stock worth $370,000 after acquiring an additional 35 shares during the period. KBC Group NV increased its stake in shares of Quanta Services by 13.4% in the third quarter. KBC Group NV now owns 13,094 shares of the construction company’s stock valued at $3,904,000 after purchasing an additional 1,547 shares during the period. Finally, Metis Global Partners LLC boosted its position in shares of Quanta Services by 3.0% during the third quarter. Metis Global Partners LLC now owns 5,871 shares of the construction company’s stock worth $1,750,000 after buying an additional 173 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Up 4.5 %

Quanta Services stock opened at $261.47 on Monday. The company has a 50 day moving average price of $294.19 and a 200 day moving average price of $304.56. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88. The firm has a market capitalization of $38.75 billion, a price-to-earnings ratio of 43.36, a P/E/G ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR) last issued 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. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. Research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on PWR. Daiwa America cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Citigroup lowered their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. BMO Capital Markets raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $338.00 to $316.00 in a research note on Tuesday, February 25th. 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 price objective on the stock. Finally, JPMorgan Chase & Co. increased their price target on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Six 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 stock. According to MarketBeat.com, Quanta Services has an average 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.