Schroder Investment Management Group increased its holdings in Quanta Services, Inc. (NYSE:PWR) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,407 shares of the construction company’s stock after acquiring an additional 2,071 shares during the quarter. Schroder Investment Management Group owned approximately 0.06% of Quanta Services worth $2,755,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PWR. Segantii Capital Management Ltd acquired a new position in shares of Quanta Services in the first quarter worth about $115,000. Ameritas Investment Partners Inc. acquired a new position in shares of Quanta Services in the first quarter worth about $134,000. Bessemer Group Inc. lifted its stake in shares of Quanta Services by 22.2% in the second quarter. Bessemer Group Inc. now owns 4,628 shares of the construction company’s stock worth $152,000 after acquiring an additional 840 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Quanta Services by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the construction company’s stock worth $189,000 after acquiring an additional 708 shares in the last quarter. Finally, Global X Management Co. LLC lifted its stake in shares of Quanta Services by 129.4% in the second quarter. Global X Management Co. LLC now owns 5,766 shares of the construction company’s stock worth $190,000 after acquiring an additional 3,253 shares in the last quarter. Institutional investors and hedge funds own 88.51% of the company’s stock.

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In related news, EVP Randall C. Wisenbaker sold 9,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.15, for a total value of $316,350.00. Following the completion of the sale, the executive vice president now owns 34,797 shares in the company, valued at $1,223,114.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Patrick Wood III sold 4,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $34.51, for a total transaction of $138,040.00. Following the completion of the sale, the director now owns 7,506 shares of the company’s stock, valued at approximately $259,032.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,000 shares of company stock valued at $597,550. 0.70% of the stock is owned by corporate insiders.

Several research analysts recently commented on the company. Credit Suisse Group reiterated a “buy” rating and issued a $46.00 price target on shares of Quanta Services in a research note on Wednesday, July 26th. Robert W. Baird cut Quanta Services from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $41.00 to $38.00 in a research note on Wednesday, July 26th. BidaskClub cut Quanta Services from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. FBR & Co upgraded Quanta Services from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $40.00 to $45.00 in a research note on Thursday, August 3rd. Finally, ValuEngine upgraded Quanta Services from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $41.44.

Shares of Quanta Services, Inc. (NYSE PWR) opened at 37.06 on Friday. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 21.07 and a beta of 0.83. Quanta Services, Inc. has a one year low of $24.88 and a one year high of $38.82. The company has a 50-day moving average price of $35.47 and a 200 day moving average price of $34.41.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, August 3rd. The construction company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). Quanta Services had a net margin of 3.21% and a return on equity of 8.36%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the business posted $0.18 EPS. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. On average, analysts forecast that Quanta Services, Inc. will post $2.03 EPS for the current fiscal year.

Quanta Services announced that its board has authorized a stock buyback plan on Thursday, May 25th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Quanta Services Profile

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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