Shares in Quanta Services, Inc. (PWR) Acquired by Suffolk Capital Management LLC

Cornelia Mascio
Novembre 19, 2017

(NYSE:PWR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. CIBC Asset Management Inc now owns 13,120 shares of the construction company's stock worth $432,000 after acquiring an additional 53 shares during the period. Quanta Services makes up 1.8% of Suffolk Capital Management LLC's investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PWR. Quanta Services's revenue for the quarter was up 10.7% compared to the same quarter a year ago. Tower Research Capital LLC TRC now owns 3,390 shares of the construction company's stock valued at $112,000 after purchasing an additional 2,190 shares in the last quarter. After posting $0.59 EPS for the previous quarter, Quanta Services Inc's analysts now forecast -33.90 % negative EPS growth. Public Employees Retirement Association of Colorado now owns 31,071 shares of the construction company's stock valued at $1,023,000 after buying an additional 87 shares during the period. Commonwealth Bank of Australia purchased a new position in Quanta Services in the second quarter worth approximately $164,000. Thrivent Financial For Lutherans purchased a new position in Quanta Services in the first quarter worth approximately $206,000. Bank of New York Mellon Corp owned about 4.08% of Quanta Services worth $230,499,000 at the end of the most recent reporting period. Company insiders own 0.70% of the company's stock.

Several research analysts recently weighed in on the company. Stifel Nicolaus reissued a "buy" rating and set a $45.00 target price on shares of Quanta Services in a research report on Friday, August 4th. BidaskClub upgraded Quanta Services from a "sell" rating to a "hold" rating in a research report on Tuesday, August 8th. KeyCorp lifted their target price on shares of Quanta Services from $32.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 29th. As per Friday, July 7, the company rating was maintained by Stifel Nicolaus. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of "Buy" and a consensus target price of $44.55. Quanta Services, Inc. has a 52 week low of $30.23 and a 52 week high of $38.82. About 1.59 million shares traded or 24.22% up from the average. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. The firm has "Hold" rating by BB&T Capital given on Friday, October 2.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, November 2nd. The company has market cap of $1.43 billion. Quanta Services now has $5.57B valuation. The business earned $2.10 billion during the quarter, compared to analysts' expectations of $2.15 billion.

Among 13 analysts covering Quanta Services Inc.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. FBR Capital maintained it with "Mkt Perform" rating and $25 target in Friday, May 6 report.

In other news, Director Patrick Wood III sold 4,000 shares of the firm's stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $34.51, for a total transaction of $138,040.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

In other Quanta Services news, EVP Randall C. Wisenbaker sold 4,500 shares of the firm's stock in a transaction on Monday, December 19th. $39.36's average target is 9.36% above currents $35.99 stock price. The disclosure for this sale can be found here.

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

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