Harvest Fund Management Co. Ltd Buys 883 Shares of Quanta Services, Inc. (NYSE:PWR)

Harvest Fund Management Co. Ltd lifted its holdings in Quanta Services, Inc. (NYSE:PWR) by 75.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,051 shares of the construction company’s stock after purchasing an additional 883 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Quanta Services were worth $649,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Webster Bank N. A. lifted its stake in shares of Quanta Services by 4,050.0% in the 4th 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 period. Sierra Ocean LLC bought a new position in shares of Quanta Services in the 4th quarter worth approximately $27,000. Prestige Wealth Management Group LLC bought a new stake in Quanta Services during the 3rd quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new stake in Quanta Services during the 3rd quarter worth approximately $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 acquiring an additional 91 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 0.3 %

NYSE PWR opened at $271.32 on Friday. 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 company has a fifty day moving average of $290.21 and a two-hundred day moving average of $303.99. The firm has a market capitalization of $40.21 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. The company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. On average, analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of recent analyst reports. 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 on the stock. 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 on the stock. Roth Capital upgraded shares of Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Stifel Nicolaus decreased their target price on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Truist Financial cut their price objective on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Quanta Services presently has a consensus 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.