Garrison Bradford & Associates Inc. Has $5.82 Million Holdings in Quanta Services, Inc. (NYSE:PWR)

Garrison Bradford & Associates Inc. reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 18,419 shares of the construction company’s stock after selling 148 shares during the quarter. Quanta Services makes up 6.1% of Garrison Bradford & Associates Inc.’s portfolio, making the stock its 6th biggest position. Garrison Bradford & Associates Inc.’s holdings in Quanta Services were worth $5,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Webster Bank N. A. increased its stake in Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Quanta Services during the fourth quarter valued at about $27,000. Prestige Wealth Management Group LLC acquired a new position in shares of Quanta Services during the third quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new position in shares of Quanta Services during the third quarter valued at about $31,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after buying an additional 91 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Performance

NYSE PWR opened at $245.63 on Friday. The company’s 50 day moving average is $301.17 and its 200-day moving average is $305.05. Quanta Services, Inc. has a 12-month low of $227.11 and a 12-month high of $365.88. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a market cap of $36.40 billion, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10.

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

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Guggenheim initiated coverage on shares of Quanta Services in a report on Wednesday, January 8th. They set a “neutral” rating for the company. Daiwa Capital Markets cut shares of Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $338.00 to $316.00 in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.95.

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.