Avestar Capital LLC bought a new stake in shares of Quanta Services Inc (NYSE:PWR) during the 4th quarter, HoldingsChannel.com reports. The firm bought 3,149 shares of the construction company’s stock, valued at approximately $108,000.

Other large investors also recently made changes to their positions in the company. Neville Rodie & Shaw Inc. increased its holdings in Quanta Services by 8.6% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 290,384 shares of the construction company’s stock worth $11,357,000 after purchasing an additional 23,050 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Quanta Services by 12.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 826,428 shares of the construction company’s stock worth $30,884,000 after purchasing an additional 90,651 shares during the last quarter. Caxton Associates LP purchased a new stake in Quanta Services during the 3rd quarter worth approximately $2,429,000. Highbridge Capital Management LLC increased its holdings in Quanta Services by 1,569.2% during the 3rd quarter. Highbridge Capital Management LLC now owns 178,684 shares of the construction company’s stock worth $6,677,000 after purchasing an additional 167,979 shares during the last quarter. Finally, Copper Rock Capital Partners LLC increased its holdings in Quanta Services by 3.6% during the 4th quarter. Copper Rock Capital Partners LLC now owns 834,790 shares of the construction company’s stock worth $32,832,000 after purchasing an additional 28,944 shares during the last quarter. Institutional investors and hedge funds own 83.31% of the company’s stock.

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PWR has been the topic of several analyst reports. Robert W. Baird set a $42.00 price objective on Quanta Services and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $45.00 target price on shares of Quanta Services in a research report on Friday, January 26th. Zacks Investment Research upgraded Quanta Services from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Friday, February 9th. KeyCorp reiterated a “buy” rating and issued a $46.00 target price on shares of Quanta Services in a research report on Wednesday, November 29th. Finally, B. Riley decreased their target price on Quanta Services from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $45.15.

Quanta Services Inc (NYSE:PWR) opened at $35.46 on Wednesday. Quanta Services Inc has a 12-month low of $30.23 and a 12-month high of $40.10. The stock has a market capitalization of $5,490.00, a P/E ratio of 22.88, a P/E/G ratio of 1.87 and a beta of 0.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.87 and a current ratio of 1.92.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Quanta Services had a return on equity of 4.63% and a net margin of 1.83%. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $0.56 EPS. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. equities analysts forecast that Quanta Services Inc will post 2.41 earnings per share for the current fiscal year.

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About Quanta Services

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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