HUB Investment Partners LLC Purchases 21,604 Shares of Quanta Services, Inc. (NYSE:PWR)

HUB Investment Partners LLC grew its position in Quanta Services, Inc. (NYSE:PWR) by 846.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 24,156 shares of the construction company’s stock after acquiring an additional 21,604 shares during the period. HUB Investment Partners LLC’s holdings in Quanta Services were worth $7,635,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Quanta Services in the 4th quarter valued at about $203,068,000. Alkeon Capital Management LLC boosted its stake in shares of Quanta Services by 62.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after buying an additional 250,000 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Quanta Services in the 4th quarter worth approximately $53,949,000. Union Bancaire Privee UBP SA bought a new stake in shares of Quanta Services in the 4th quarter worth approximately $46,364,000. Finally, Public Sector Pension Investment Board raised its holdings in Quanta Services by 81.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after acquiring an additional 125,530 shares during the period. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Up 2.9 %

PWR stock opened at $270.90 on Thursday. The firm’s fifty day simple moving average is $291.03 and its 200-day simple moving average is $304.22. Quanta Services, Inc. has a 12 month low of $227.11 and a 12 month high of $365.88. The company has a market capitalization of $40.15 billion, a P/E ratio of 44.93, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.12. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. As a group, equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Roth Capital upgraded shares of Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. increased their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Guggenheim began coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating for the company. Finally, Stifel Nicolaus decreased their target price on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $326.79.

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.