Generali Asset Management SPA SGR Makes New Investment in Quanta Services, Inc. (NYSE:PWR)

Generali Asset Management SPA SGR acquired a new position in Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,356 shares of the construction company’s stock, valued at approximately $1,693,000.

Several other institutional investors and hedge funds have also bought and sold shares of PWR. Horizon Investments LLC lifted its stake in shares of Quanta Services by 85.4% in the 4th quarter. Horizon Investments LLC now owns 8,710 shares of the construction company’s stock valued at $2,752,000 after purchasing an additional 4,013 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Quanta Services by 3.3% in the 4th quarter. Advisors Asset Management Inc. now owns 49,423 shares of the construction company’s stock valued at $15,620,000 after purchasing an additional 1,600 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Quanta Services by 0.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 486,762 shares of the construction company’s stock valued at $153,868,000 after purchasing an additional 2,569 shares during the period. PDS Planning Inc lifted its stake in shares of Quanta Services by 7.1% in the 4th quarter. PDS Planning Inc now owns 798 shares of the construction company’s stock valued at $252,000 after purchasing an additional 53 shares during the period. Finally, Axxcess Wealth Management LLC lifted its stake in shares of Quanta Services by 164.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 4,915 shares of the construction company’s stock valued at $1,553,000 after purchasing an additional 3,057 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR opened at $271.32 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. Quanta Services, Inc. has a one year low of $227.11 and a one year high of $365.88. The firm has a market capitalization of $40.21 billion, a P/E ratio of 45.00, a PEG ratio of 1.41 and a beta of 1.10. The business has a fifty day moving average of $290.21 and a 200 day moving average of $303.99.

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

Analyst Ratings Changes

A number of research analysts have recently commented on PWR shares. Stifel Nicolaus lowered their target price on Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Roth Mkm began coverage on Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 price objective for the company. Citigroup lowered their price objective on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Guggenheim began coverage on Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating for the company. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $326.79.

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.