Sarasin & Partners LLP Has $4.85 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Sarasin & Partners LLP lessened its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 10.5% during the first quarter, Holdings Channel reports. The fund owned 19,074 shares of the construction company’s stock after selling 2,244 shares during the quarter. Sarasin & Partners LLP’s holdings in Quanta Services were worth $4,848,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in shares of Quanta Services by 7.8% in the 4th quarter. Larson Financial Group LLC now owns 456 shares of the construction company’s stock worth $144,000 after acquiring an additional 33 shares during the last quarter. New Republic Capital LLC boosted its position in shares of Quanta Services by 4.8% during the fourth quarter. New Republic Capital LLC now owns 746 shares of the construction company’s stock valued at $236,000 after buying an additional 34 shares during the last quarter. TBH Global Asset Management LLC grew its holdings in Quanta Services by 0.7% during the fourth quarter. TBH Global Asset Management LLC now owns 4,956 shares of the construction company’s stock worth $1,566,000 after buying an additional 34 shares in the last quarter. Rothschild Investment LLC lifted its stake in Quanta Services by 7.9% during the 4th quarter. Rothschild Investment LLC now owns 463 shares of the construction company’s stock valued at $146,000 after acquiring an additional 34 shares in the last quarter. Finally, Paladin Wealth LLC grew its stake in shares of Quanta Services by 1.8% in the 4th quarter. Paladin Wealth LLC now owns 1,929 shares of the construction company’s stock worth $610,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 1.6%

Shares of PWR opened at $355.73 on Tuesday. The business’s 50-day moving average price is $307.83 and its 200-day moving average price is $304.09. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88. The stock has a market cap of $52.74 billion, a PE ratio of 58.99, a P/E/G ratio of 1.41 and a beta of 1.07.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the company earned $1.41 earnings per share. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.11%. Quanta Services’s dividend payout ratio is presently 6.45%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. BMO Capital Markets set a $352.00 price target on shares of Quanta Services in a report on Friday, May 2nd. Roth Capital raised Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $414.00 price target (up from $364.00) on shares of Quanta Services in a report on Wednesday, June 4th. Stifel Nicolaus raised their price objective on shares of Quanta Services from $306.00 to $363.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Finally, Argus set a $375.00 price target on shares of Quanta Services in a research note on Monday, May 5th. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $347.35.

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.