Quanta Services, Inc. (NYSE:PWR) EVP Donald Wayne Sells 1,101 Shares

Quanta Services, Inc. (NYSE:PWR) EVP Donald Wayne sold 1,101 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the transaction, the executive vice president now directly owns 40,065 shares of the company’s stock, valued at $10,494,626.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Donald Wayne also recently made the following trade(s):

• On Tuesday, March 12th, Donald Wayne sold 595 shares of Quanta Services stock. The shares were sold at an average price of $239.61, for a total value of $142,567.95.
• On Monday, March 4th, Donald Wayne sold 8,842 shares of Quanta Services stock. The shares were sold at an average price of $242.27, for a total value of $2,142,151.34.

Quanta Services Stock Up 0.2 %

PWR opened at $259.75 on Thursday. Quanta Services, Inc. has a fifty-two week low of $153.74 and a fifty-two week high of $262.01. The firm’s fifty day moving average is $224.33 and its 200 day moving average is $201.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market cap of $37.86 billion, a price-to-earnings ratio of 51.85 and a beta of 1.10.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.21. Quanta Services had a net margin of 3.57% and a return on equity of 16.46%. The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm earned $1.54 earnings per share. Quanta Services’s revenue was up 31.0% on a year-over-year basis. On average, sell-side analysts forecast that Quanta Services, Inc. will post 7.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quanta Services

Large investors have recently modified their holdings of the stock. Hazlett Burt & Watson Inc. boosted its stake in shares of Quanta Services by 47.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock worth $34,000 after purchasing an additional 52 shares during the period. Western Wealth Management LLC lifted its position in shares of Quanta Services by 3.8% during the second quarter. Western Wealth Management LLC now owns 1,597 shares of the construction company’s stock worth $314,000 after purchasing an additional 59 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Quanta Services by 4.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,367 shares of the construction company’s stock valued at $295,000 after buying an additional 60 shares during the period. Central Bank & Trust Co. grew its stake in Quanta Services by 2.1% in the fourth quarter. Central Bank & Trust Co. now owns 3,246 shares of the construction company’s stock worth $700,000 after purchasing an additional 66 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Quanta Services by 0.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,511 shares of the construction company’s stock valued at $2,340,000 after buying an additional 67 shares during the period. Institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PWR shares. KeyCorp started coverage on shares of Quanta Services in a research report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. DA Davidson raised their price objective on shares of Quanta Services from $190.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group upped their target price on shares of Quanta Services from $227.00 to $259.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Citigroup raised their price target on Quanta Services from $234.00 to $237.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Stifel Nicolaus raised their price objective on Quanta Services from $237.00 to $252.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.54.

Quanta Services Company 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.