Fort Sheridan Advisors LLC Has $1.29 Million Stock Position in Quanta Services, Inc. (NYSE:PWR)

Fort Sheridan Advisors LLC grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 2.4% in the 4th quarter, HoldingsChannel reports. The fund owned 4,068 shares of the construction company’s stock after purchasing an additional 94 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Quanta Services were worth $1,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Alkeon Capital Management LLC boosted its stake in Quanta Services by 62.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock valued at $193,798,000 after purchasing an additional 250,000 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Quanta Services during the fourth quarter worth $53,949,000. Union Bancaire Privee UBP SA bought a new stake in shares of Quanta Services in the fourth quarter valued at about $46,364,000. Public Sector Pension Investment Board grew its stake in shares of Quanta Services by 81.7% in the third quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after acquiring an additional 125,530 shares in the last quarter. Finally, Meitav Investment House Ltd. bought a new position in Quanta Services during the third quarter worth about $27,430,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE:PWR opened at $258.83 on Friday. The firm has a market capitalization of $38.36 billion, a P/E ratio of 42.92, a P/E/G ratio of 1.41 and a beta of 1.05. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88. The company has a fifty day moving average of $310.62 and a 200-day moving average of $305.40. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.12. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. As a group, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PWR. Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Monday. Robert W. Baird increased their price target on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Northland Securities reissued an “outperform” rating and issued a $328.00 target price (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Daiwa Capital Markets downgraded Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday. Finally, Guggenheim started coverage on Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.95.

About Quanta Services

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.