Schroder Investment Management Group Purchases 12,762 Shares of Quanta Services Inc (PWR)
Schroder Investment Management Group grew its position in shares of Quanta Services Inc (NYSE:PWR) by 14.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,169 shares of the construction company’s stock after buying an additional 12,762 shares during the period. Schroder Investment Management Group owned 0.07% of Quanta Services worth $3,721,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Quanta Services by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 14,732,602 shares of the construction company’s stock worth $484,998,000 after purchasing an additional 511,917 shares in the last quarter. BlackRock Inc. increased its stake in Quanta Services by 1.3% in the 2nd quarter. BlackRock Inc. now owns 8,465,126 shares of the construction company’s stock worth $278,671,000 after acquiring an additional 105,066 shares during the last quarter. Victory Capital Management Inc. increased its stake in Quanta Services by 38.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,314,406 shares of the construction company’s stock worth $207,871,000 after acquiring an additional 1,758,319 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Quanta Services by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,698,399 shares of the construction company’s stock worth $154,657,000 after acquiring an additional 56,136 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Quanta Services by 17.5% in the 3rd quarter. Jennison Associates LLC now owns 2,422,833 shares of the construction company’s stock worth $90,541,000 after acquiring an additional 360,803 shares during the last quarter. 86.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Quanta Services Inc (NYSE:PWR) traded down $0.05 during mid-day trading on Wednesday, reaching $39.12. The company had a trading volume of 1,249,300 shares, compared to its average volume of 1,561,807. The stock has a market cap of $6,060.41, a PE ratio of 20.51, a PEG ratio of 2.76 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 earnings results on Thursday, November 2nd. The construction company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Quanta Services had a return on equity of 8.47% and a net margin of 3.18%. Quanta Services’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. research analysts anticipate that Quanta Services Inc will post 1.77 EPS for the current fiscal year.
A number of equities analysts have weighed in on the company. BidaskClub lowered Quanta Services from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. KeyCorp restated a “buy” rating and issued a $46.00 target price on shares of Quanta Services in a research note on Wednesday, November 29th. Zacks Investment Research lowered Quanta Services from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Robert W. Baird reiterated a “hold” rating and set a $39.00 price objective on shares of Quanta Services in a research report on Friday, October 6th. Finally, ValuEngine lowered Quanta Services from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.64.
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About Quanta Services
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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