Fjarde AP Fonden Fourth Swedish National Pension Fund Has $11.84 Million Position in Quanta Services, Inc. (NYSE:PWR)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in Quanta Services, Inc. (NYSE:PWR) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,450 shares of the construction company’s stock after selling 5,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Quanta Services were worth $11,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Howard Capital Management Inc. raised its stake in shares of Quanta Services by 37.1% in the fourth quarter. Howard Capital Management Inc. now owns 9,919 shares of the construction company’s stock worth $3,135,000 after acquiring an additional 2,686 shares during the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Quanta Services by 1.9% in the fourth quarter. Wealthspire Advisors LLC now owns 2,034 shares of the construction company’s stock valued at $643,000 after purchasing an additional 37 shares in the last quarter. First Horizon Advisors Inc. raised its position in Quanta Services by 36.9% in the 4th quarter. First Horizon Advisors Inc. now owns 646 shares of the construction company’s stock worth $204,000 after purchasing an additional 174 shares during the last quarter. Pinnacle Financial Partners Inc lifted its holdings in Quanta Services by 4.6% during the 4th quarter. Pinnacle Financial Partners Inc now owns 51,939 shares of the construction company’s stock worth $16,401,000 after buying an additional 2,302 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its position in Quanta Services by 6.0% in the 4th quarter. Navellier & Associates Inc. now owns 62,402 shares of the construction company’s stock valued at $19,722,000 after buying an additional 3,525 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PWR shares. Northland Securities restated an “outperform” rating and set a $328.00 target price (up previously from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Roth Mkm started coverage on Quanta Services in a report on Friday. They set a “buy” rating and a $350.00 price objective for the company. Guggenheim started coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating on the stock. Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a research note on Friday, December 6th. Finally, Roth Capital raised shares of Quanta Services to a “strong-buy” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $331.53.

Quanta Services Trading Down 4.1 %

NYSE PWR opened at $269.75 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The stock’s 50-day moving average is $316.02 and its 200-day moving average is $305.98. Quanta Services, Inc. has a one year low of $221.07 and a one year high of $365.88. The firm has a market cap of $39.82 billion, a P/E ratio of 44.73, a P/E/G ratio of 1.41 and a beta of 1.05.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.12. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. Sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.