AQR Capital Management LLC Has $12.61 Million Position in Quanta Services, Inc. (NYSE:PWR)

AQR Capital Management LLC boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 14.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 39,911 shares of the construction company's stock after acquiring an additional 5,042 shares during the period. AQR Capital Management LLC's holdings in Quanta Services were worth $12,614,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Webster Bank N. A. increased its holdings 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 during the last quarter. Quarry LP acquired a new stake in shares of Quanta Services in the 4th quarter valued at approximately $26,000. Sierra Ocean LLC acquired a new stake in Quanta Services in the fourth quarter worth $27,000. Sound Income Strategies LLC boosted its position 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 worth $33,000 after purchasing an additional 91 shares in the last quarter. Finally, Centricity Wealth Management LLC acquired a new position in shares of Quanta Services in the 4th quarter valued at $34,000. Institutional investors own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Evercore ISI lifted their target price on Quanta Services from $331.00 to $360.00 and gave the stock an "outperform" rating in a report on Friday. Truist Financial lowered their target price on Quanta Services from $398.00 to $324.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. DA Davidson raised their target price on shares of Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a report on Friday. Citigroup lowered their price objective on shares of Quanta Services from $366.00 to $342.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Daiwa America upgraded Quanta Services from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of "Moderate Buy" and an average target price of $334.60.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $323.53 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $47.97 billion, a P/E ratio of 53.65, a P/E/G ratio of 1.41 and a beta of 1.02. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $365.88. The stock has a 50 day moving average of $266.02 and a 200-day moving average of $300.24.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company's quarterly revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. As a group, equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services's dividend payout ratio is presently 6.45%.

Quanta Services 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.

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