Aperio Group LLC grew its position in Quanta Services, Inc. (NYSE:PWR) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,351 shares of the construction company’s stock after purchasing an additional 3,759 shares during the period. Aperio Group LLC’s holdings in Quanta Services were worth $2,741,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PWR. Tower Research Capital LLC TRC increased its position in Quanta Services by 182.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,390 shares of the construction company’s stock worth $112,000 after purchasing an additional 2,190 shares during the last quarter. Bessemer Group Inc. increased its position in Quanta Services by 22.2% in the 2nd quarter. Bessemer Group Inc. now owns 4,628 shares of the construction company’s stock worth $152,000 after purchasing an additional 840 shares during the last quarter. Commonwealth Bank of Australia acquired a new position in Quanta Services in the 2nd quarter worth about $164,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Quanta Services by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the construction company’s stock worth $189,000 after purchasing an additional 708 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in Quanta Services by 129.4% in the 2nd quarter. Global X Management Co. LLC now owns 5,766 shares of the construction company’s stock worth $190,000 after purchasing an additional 3,253 shares during the last quarter. 86.82% of the stock is currently owned by institutional investors.

Shares of Quanta Services, Inc. (NYSE PWR) opened at $35.84 on Friday. Quanta Services, Inc. has a 52 week low of $30.23 and a 52 week high of $38.82. The firm has a market capitalization of $5,545.20, a P/E ratio of 18.76, a P/E/G ratio of 2.53 and a beta of 0.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.80 and a current ratio of 1.85.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the company earned $0.55 EPS. The company’s quarterly revenue was up 27.8% on a year-over-year basis. equities analysts forecast that Quanta Services, Inc. will post 1.77 earnings per share for the current year.

In other Quanta Services news, EVP Randall C. Wisenbaker sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was 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 approximately $1,223,114.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick Wood III sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $34.51, for a total value 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. 0.70% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on the company. Credit Suisse Group reissued a “buy” rating and set a $46.00 price objective on shares of Quanta Services in a report on Wednesday, July 26th. Robert W. Baird lowered Quanta Services from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $41.00 to $38.00 in a report on Wednesday, July 26th. BidaskClub lowered Quanta Services from a “hold” rating to a “sell” rating in a report on Monday, July 24th. FBR & Co raised Quanta Services from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $45.00 in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Quanta Services presently has an average rating of “Buy” and a consensus price target of $44.55.

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Quanta Services Company 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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