Trexquant Investment LP lowered its position in shares of Quanta Services Inc (NYSE:PWR) by 69.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,491 shares of the construction company’s stock after selling 50,019 shares during the period. Trexquant Investment LP’s holdings in Quanta Services were worth $718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PWR. Optimum Investment Advisors purchased a new stake in Quanta Services during the 1st quarter valued at $101,000. Dupont Capital Management Corp boosted its position in Quanta Services by 202.9% during the 2nd quarter. Dupont Capital Management Corp now owns 4,086 shares of the construction company’s stock valued at $136,000 after buying an additional 2,737 shares during the period. Engineers Gate Manager LP purchased a new stake in Quanta Services during the 2nd quarter valued at $204,000. MHI Funds LLC boosted its position in Quanta Services by 93.9% during the 2nd quarter. MHI Funds LLC now owns 7,708 shares of the construction company’s stock valued at $257,000 after buying an additional 3,733 shares during the period. Finally, Maple Capital Management Inc. boosted its position in Quanta Services by 25.6% during the 1st quarter. Maple Capital Management Inc. now owns 7,612 shares of the construction company’s stock valued at $261,000 after buying an additional 1,550 shares during the period. 86.89% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE PWR opened at $33.77 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.82 and a quick ratio of 1.77. Quanta Services Inc has a 12 month low of $32.19 and a 12 month high of $40.10. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.71 and a beta of 0.89.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). Quanta Services had a return on equity of 7.72% and a net margin of 3.10%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the company posted $0.50 earnings per share. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. equities research analysts expect that Quanta Services Inc will post 2.5 EPS for the current year.

In other Quanta Services news, insider Jerry K. Lemon sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $36.91, for a total value of $73,820.00. Following the completion of the transaction, the insider now directly owns 11,812 shares in the company, valued at approximately $435,980.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Several brokerages have weighed in on PWR. Zacks Investment Research raised shares of Quanta Services from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut shares of Quanta Services from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Finally, B. Riley increased their price target on shares of Quanta Services from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $46.30.

Quanta Services Company Profile

Quanta Services, Inc provides specialty contracting services to the electric power, communication, and oil and gas industries in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment provides network solutions, including the design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities, as well as other engineering and technical services.

See Also: Price to Earnings Ratio (PE) Basics

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

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