Scholtz & Company LLC lessened its position in shares of Quanta Services, Inc. (NYSE:PWR) by 5.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,095 shares of the construction company’s stock after selling 1,355 shares during the period. Scholtz & Company LLC’s holdings in Quanta Services were worth $760,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PWR. Stephens Inc. AR raised its position in shares of Quanta Services by 0.5% in the first quarter. Stephens Inc. AR now owns 5,980 shares of the construction company’s stock valued at $222,000 after buying an additional 31 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Quanta Services by 0.4% in the second quarter. CIBC Asset Management Inc now owns 13,120 shares of the construction company’s stock valued at $432,000 after buying an additional 53 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of Quanta Services by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 31,071 shares of the construction company’s stock valued at $1,023,000 after buying an additional 87 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Quanta Services by 1.0% in the first quarter. Mason Street Advisors LLC now owns 20,898 shares of the construction company’s stock valued at $776,000 after buying an additional 214 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Quanta Services by 4.2% in the second quarter. US Bancorp DE now owns 7,641 shares of the construction company’s stock valued at $252,000 after buying an additional 307 shares in the last quarter. Institutional investors own 88.51% of the company’s stock.

Shares of Quanta Services, Inc. (NYSE:PWR) traded down 0.184% on Friday, reaching $37.431. 196,424 shares of the company’s stock traded hands. Quanta Services, Inc. has a one year low of $27.29 and a one year high of $38.82. The company’s 50-day moving average price is $36.08 and its 200 day moving average price is $34.45. The firm has a market cap of $5.81 billion, a P/E ratio of 21.280 and a beta of 0.83.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.03). Quanta Services had a net margin of 3.21% and a return on equity of 8.36%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned $0.18 earnings per share. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, equities analysts forecast that Quanta Services, Inc. will post $2.03 EPS for the current fiscal year.

In other Quanta Services news, Director John Michal Conaway sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $35.79, for a total value of $143,160.00. Following the completion of the transaction, the director now directly owns 17,152 shares of the company’s stock, valued at approximately $613,870.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Randall C. Wisenbaker sold 9,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $35.15, for a total transaction of $316,350.00. Following the completion of the transaction, the executive vice president now directly owns 34,797 shares of the company’s stock, valued at $1,223,114.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,000 shares of company stock valued at $597,550. Insiders own 0.70% of the company’s stock.

A number of equities research analysts have recently weighed in on PWR shares. TheStreet upgraded shares of Quanta Services from a “c+” rating to a “b-” rating in a research report on Friday, July 7th. Credit Suisse Group AG reiterated a “buy” rating and issued a $46.00 price target on shares of Quanta Services in a research report on Wednesday, July 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $43.00 price target on shares of Quanta Services in a research report on Friday, July 7th. UBS AG upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and lifted their price target for the company from $38.00 to $42.00 in a research report on Thursday, July 13th. Finally, Zacks Investment Research upgraded shares of Quanta Services from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $41.44.

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Quanta Services 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.

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

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