Atria Wealth Solutions Inc. Sells 3,297 Shares of Quanta Services, Inc. (NYSE:PWR)

Atria Wealth Solutions Inc. trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 21.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,928 shares of the construction company’s stock after selling 3,297 shares during the period. Atria Wealth Solutions Inc.’s holdings in Quanta Services were worth $3,770,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Webster Bank N. A. raised its holdings in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after purchasing an additional 81 shares during the period. Sierra Ocean LLC acquired a new position in Quanta Services during the 4th quarter worth approximately $27,000. Prestige Wealth Management Group LLC bought a new position in Quanta Services in the third quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in Quanta Services in the third quarter valued at approximately $31,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE PWR opened at $280.89 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market capitalization of $41.46 billion, a PE ratio of 51.82, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. Quanta Services, Inc. has a 52-week low of $206.58 and a 52-week high of $365.88. The company has a 50-day simple moving average of $317.38 and a 200 day simple moving average of $304.97.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. On average, research analysts predict that Quanta Services, Inc. will post 7.91 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Robert W. Baird increased their target price on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price objective on shares of Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Guggenheim started coverage on shares of Quanta Services in a report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Northland Securities reiterated an “outperform” rating and set a $328.00 price target (up previously from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $330.50.

Quanta Services 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.