Tributary Capital Management LLC lifted its holdings in shares of Quanta Services Inc (NYSE:PWR) by 35.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,649 shares of the construction company’s stock after buying an additional 12,236 shares during the period. Tributary Capital Management LLC’s holdings in Quanta Services were worth $1,899,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Quanta Services by 23.9% during the 2nd quarter. BlackRock Inc. now owns 10,852,772 shares of the construction company’s stock valued at $414,467,000 after buying an additional 2,091,884 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Quanta Services by 18.9% during the 3rd quarter. Voya Investment Management LLC now owns 3,903,573 shares of the construction company’s stock valued at $147,554,000 after buying an additional 621,357 shares during the last quarter. Invesco Ltd. grew its position in shares of Quanta Services by 3.3% during the 2nd quarter. Invesco Ltd. now owns 2,220,654 shares of the construction company’s stock valued at $84,806,000 after buying an additional 70,462 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Quanta Services by 38.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,862,024 shares of the construction company’s stock valued at $71,111,000 after buying an additional 512,376 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Quanta Services during the 2nd quarter valued at about $41,035,000. 89.02% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on PWR shares. Robert W. Baird raised shares of Quanta Services from a “neutral” rating to an “outperform” rating and set a $46.00 price objective for the company in a research report on Tuesday, January 7th. ValuEngine cut shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th. Citigroup upped their target price on shares of Quanta Services from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. TheStreet upgraded shares of Quanta Services from a “c+” rating to a “b-” rating in a research report on Wednesday, September 25th. Finally, DA Davidson upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.25.
NYSE PWR opened at $40.93 on Friday. Quanta Services Inc has a 52 week low of $31.86 and a 52 week high of $44.09. The company has a current ratio of 1.82, a quick ratio of 1.80 and a debt-to-equity ratio of 0.51. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 0.77 and a beta of 1.22. The company has a 50-day moving average price of $40.93 and a two-hundred day moving average price of $38.65.
Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, October 31st. The construction company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.97 by $0.17. Quanta Services had a net margin of 2.81% and a return on equity of 12.17%. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. Quanta Services’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts expect that Quanta Services Inc will post 2.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a $0.05 dividend. This is a positive change from Quanta Services’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Tuesday, December 31st. Quanta Services’s dividend payout ratio is currently 7.91%.
About Quanta Services
Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.
Featured Story: Price to Earnings Ratio (PE) Basics
Want to see what other hedge funds are holding PWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quanta Services Inc (NYSE:PWR).
Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.