Cubist Systematic Strategies LLC increased its position in shares of Quanta Services Inc (NYSE:PWR) by 50.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,942 shares of the construction company’s stock after buying an additional 17,439 shares during the period. Cubist Systematic Strategies LLC’s holdings in Quanta Services were worth $1,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. CIBC Asset Management Inc raised its stake in Quanta Services by 0.4% during the second quarter. CIBC Asset Management Inc now owns 13,120 shares of the construction company’s stock worth $432,000 after buying an additional 53 shares during the last quarter. US Bancorp DE raised its stake in Quanta Services by 4.2% during the second quarter. US Bancorp DE now owns 7,641 shares of the construction company’s stock worth $252,000 after buying an additional 307 shares during the last quarter. Norinchukin Bank The raised its stake in Quanta Services by 4.6% during the second quarter. Norinchukin Bank The now owns 10,278 shares of the construction company’s stock worth $338,000 after buying an additional 451 shares during the last quarter. Fagan Associates Inc. raised its stake in Quanta Services by 1.1% during the second quarter. Fagan Associates Inc. now owns 41,900 shares of the construction company’s stock worth $1,379,000 after buying an additional 465 shares during the last quarter. Finally, M&T Bank Corp raised its stake in Quanta Services by 8.6% during the second quarter. M&T Bank Corp now owns 8,806 shares of the construction company’s stock worth $290,000 after buying an additional 695 shares during the last quarter. 86.11% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on PWR. B. Riley lifted their price target on shares of Quanta Services from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. KeyCorp reaffirmed a “buy” rating and issued a $45.00 price target on shares of Quanta Services in a research note on Friday, November 3rd. Citigroup set a $47.00 price target on shares of Quanta Services and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Quanta Services from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Monday, October 16th. Finally, Seaport Global Securities reaffirmed a “buy” rating and issued a $45.00 price target (up from $41.00) on shares of Quanta Services in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. Quanta Services presently has an average rating of “Buy” and an average price target of $44.64.

Shares of Quanta Services Inc (NYSE PWR) traded down $0.85 during midday trading on Friday, hitting $37.44. 1,355,800 shares of the stock were exchanged, compared to its average volume of 1,561,140. The firm has a market capitalization of $5,924.26, a PE ratio of 20.05, a P/E/G ratio of 2.70 and a beta of 0.86. Quanta Services Inc has a 52-week low of $30.23 and a 52-week high of $39.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.85 and a quick ratio of 1.80.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Quanta Services had a net margin of 3.18% and a return on equity of 8.47%. The business’s revenue was up 27.8% on a year-over-year basis. During the same period last year, the company earned $0.55 earnings per share. research analysts forecast that Quanta Services Inc will post 1.77 EPS for the current year.

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Quanta Services Company Profile

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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