Los Angeles Capital Management LLC Buys 12,112 Shares of Quanta Services, Inc. (NYSE:PWR)

Los Angeles Capital Management LLC boosted its position in shares of Quanta Services, Inc. (NYSE:PWR) by 58.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 32,971 shares of the construction company’s stock after buying an additional 12,112 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Quanta Services were worth $10,420,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Webster Bank N. A. lifted its holdings 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 acquiring an additional 81 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Quanta Services in the 4th quarter worth about $27,000. Prestige Wealth Management Group LLC bought a new stake in Quanta Services in the third quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new position in shares of Quanta Services during the third quarter valued at approximately $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 valued at $33,000 after buying an additional 91 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 1.7 %

Quanta Services stock opened at $268.86 on Thursday. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88. The business has a fifty day moving average of $311.89 and a two-hundred day moving average of $305.73. The firm has a market cap of $39.84 billion, a P/E ratio of 44.59, a P/E/G ratio of 1.41 and a beta of 1.05. 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 (NYSE:PWR) last issued its quarterly earnings data 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 company 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%. On average, analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PWR shares. Roth Mkm started coverage on Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 price target for the company. Citigroup decreased their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Daiwa America cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, BMO Capital Markets raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $338.00 to $316.00 in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $326.95.

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.