AlphaMark Advisors LLC Lowers Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

AlphaMark Advisors LLC lowered its holdings in Quanta Services, Inc. (NYSE:PWR) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,595 shares of the construction company’s stock after selling 86 shares during the period. AlphaMark Advisors LLC’s holdings in Quanta Services were worth $1,072,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in Quanta Services by 581.3% in the fourth quarter. Wellington Management Group LLP now owns 117,014 shares of the construction company’s stock valued at $25,252,000 after purchasing an additional 99,840 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Quanta Services during the 4th quarter valued at $631,000. Moody National Bank Trust Division bought a new stake in shares of Quanta Services during the 1st quarter worth $202,000. CWM LLC grew its position in Quanta Services by 1.6% in the first quarter. CWM LLC now owns 4,919 shares of the construction company’s stock worth $1,278,000 after acquiring an additional 76 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Quanta Services by 3,912.3% in the first quarter. Los Angeles Capital Management LLC now owns 44,296 shares of the construction company’s stock valued at $11,508,000 after acquiring an additional 43,192 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Insider Buying and Selling

In other news, COO James Redgie Probst sold 34,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $260.03, for a total transaction of $8,841,020.00. Following the sale, the chief operating officer now owns 29,002 shares in the company, valued at $7,541,390.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO James Redgie Probst sold 34,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $260.03, for a total transaction of $8,841,020.00. Following the completion of the transaction, the chief operating officer now directly owns 29,002 shares of the company’s stock, valued at $7,541,390.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karl W. Studer sold 23,357 shares of Quanta Services stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $270.51, for a total transaction of $6,318,302.07. Following the completion of the sale, the insider now directly owns 10,631 shares of the company’s stock, valued at approximately $2,875,791.81. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,357 shares of company stock worth $53,115,572 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Quanta Services Stock Up 0.3 %

NYSE:PWR opened at $313.14 on Friday. Quanta Services, Inc. has a 1-year low of $153.74 and a 1-year high of $316.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.30 and a quick ratio of 1.25. The firm’s 50-day moving average price is $279.62 and its 200-day moving average price is $268.35. The company has a market capitalization of $45.84 billion, a PE ratio of 60.69 and a beta of 1.01.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, August 1st. The construction company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.15. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.51 billion. Quanta Services had a net margin of 3.59% and a return on equity of 16.29%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the business earned $1.47 earnings per share. On average, equities analysts predict that Quanta Services, Inc. will post 7.81 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend was Tuesday, October 1st. Quanta Services’s dividend payout ratio is presently 6.98%.

Analyst Ratings Changes

A number of research firms have recently issued reports on PWR. Stifel Nicolaus upped their price objective on Quanta Services from $283.00 to $342.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Robert W. Baird boosted their price target on shares of Quanta Services from $287.00 to $288.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. B. Riley raised their price objective on Quanta Services from $286.00 to $303.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wolfe Research assumed coverage on Quanta Services in a research note on Thursday, September 19th. They issued an “outperform” rating and a $313.00 target price for the company. Finally, Northland Securities raised their target price on shares of Quanta Services from $264.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $303.86.

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.