Banque Cantonale Vaudoise Buys Shares of 7,995 Quanta Services, Inc. (NYSE:PWR)

Key Points

• Banque Cantonale Vaudoise acquired 7,995 shares of Quanta Services, Inc. in the 1st quarter, worth approximately $2,032,000.
• Quanta Services reported $1.78 earnings per share for the latest quarter, exceeding analysts' expectations of $1.72, with a revenue increase of 23.9% year-over-year.
• The company's dividend yield stands at 0.10%, with a recent quarterly dividend of $0.10 per share declared on July 11th.

Banque Cantonale Vaudoise purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,995 shares of the construction company's stock, valued at approximately $2,032,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PWR. Brighton Jones LLC purchased a new position in shares of Quanta Services in the 4th quarter worth approximately $298,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Quanta Services by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company's stock worth $17,480,000 after purchasing an additional 2,479 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Quanta Services by 60.0% in the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company's stock worth $404,000 after purchasing an additional 588 shares during the period. Objectivity Squared LLC purchased a new position in shares of Quanta Services in the 1st quarter worth approximately $213,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Quanta Services by 485.3% in the 1st quarter. Harbor Investment Advisory LLC now owns 2,634 shares of the construction company's stock worth $670,000 after purchasing an additional 2,184 shares during the period. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein cut Quanta Services from an "outperform" rating to a "market perform" rating and set a $410.00 price objective for the company. in a report on Monday. Roth Capital restated a "buy" rating and set a $450.00 price objective (up previously from $350.00) on shares of Quanta Services in a report on Tuesday. TD Cowen boosted their price objective on Quanta Services from $335.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Stifel Nicolaus boosted their price objective on Quanta Services from $363.00 to $411.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Evercore ISI boosted their price objective on Quanta Services from $331.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Eleven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $379.32.

Quanta Services Stock Performance

Shares of PWR traded down $10.95 during mid-day trading on Friday, reaching $395.18. The company had a trading volume of 2,094,000 shares, compared to its average volume of 1,116,995. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $424.94. The company has a quick ratio of 1.26, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $58.59 billion, a P/E ratio of 61.17, a PEG ratio of 2.79 and a beta of 1.10. The stock has a 50 day moving average of $375.39 and a two-hundred day moving average of $319.00.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%. Quanta Services's revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.90 earnings per share. On average, analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. Quanta Services's dividend payout ratio is currently 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.