Coe Capital Management LLC decreased its holdings in shares of Primoris Services Corp (NASDAQ:PRIM) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,340 shares of the construction company’s stock after selling 5,905 shares during the quarter. Coe Capital Management LLC’s holdings in Primoris Services were worth $523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Primoris Services by 4.3% during the third quarter. BlackRock Inc. now owns 2,762,336 shares of the construction company’s stock worth $68,561,000 after acquiring an additional 113,251 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Primoris Services by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,394,104 shares of the construction company’s stock valued at $59,422,000 after purchasing an additional 35,145 shares during the period. Macquarie Group Ltd. increased its stake in shares of Primoris Services by 0.4% in the third quarter. Macquarie Group Ltd. now owns 1,869,272 shares of the construction company’s stock valued at $46,396,000 after purchasing an additional 8,122 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Primoris Services by 33.9% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,657,870 shares of the construction company’s stock valued at $31,715,000 after purchasing an additional 420,100 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Primoris Services by 75.6% in the third quarter. Thrivent Financial for Lutherans now owns 1,374,995 shares of the construction company’s stock valued at $34,128,000 after purchasing an additional 591,928 shares during the period. Hedge funds and other institutional investors own 77.94% of the company’s stock.

Several equities research analysts have commented on PRIM shares. BidaskClub lowered shares of Primoris Services from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. TheStreet lowered shares of Primoris Services from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. Zacks Investment Research lowered shares of Primoris Services from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Finally, ValuEngine lowered shares of Primoris Services from a “hold” rating to a “sell” rating in a research note on Friday, December 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.00.

Shares of NASDAQ:PRIM opened at $20.19 on Tuesday. Primoris Services Corp has a 52 week low of $17.82 and a 52 week high of $28.90. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.11 and a beta of 1.35. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.52.

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Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services in the United States and internationally. It operates through Power, Pipeline, Utilities, and Civil segments.

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Institutional Ownership by Quarter for Primoris Services (NASDAQ:PRIM)

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