ASR Vermogensbeheer N.V. Invests $1.06 Million in Quanta Services, Inc. (NYSE:PWR)

Key Points

• ASR Vermogensbeheer N.V. has made a new investment in Quanta Services, purchasing 4,163 shares valued at approximately $1,058,000 during the first quarter.
• Several institutional investors have increased their stakes in Quanta Services, with Vanguard Group Inc. owning over 17 million shares, valued at around $4.4 billion.
• Quanta Services recently reported a quarterly EPS of $2.48, exceeding analysts' expectations, and its revenue of $6.77 billion marks a 21.1% increase from the previous year.

ASR Vermogensbeheer N.V. acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,163 shares of the construction company's stock, valued at approximately $1,058,000.

Several other hedge funds have also recently modified their holdings of the stock. Banque Transatlantique SA purchased a new position in Quanta Services during the fourth quarter valued at approximately $25,000. Quarry LP purchased a new stake in shares of Quanta Services during the fourth quarter worth approximately $26,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Quanta Services during the first quarter worth approximately $25,000. OLD Second National Bank of Aurora acquired a new position in Quanta Services during the first quarter worth $42,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in Quanta Services during the first quarter worth $43,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Up 1.9%

Shares of NYSE PWR traded up $7.43 during mid-day trading on Tuesday, hitting $391.55. The company had a trading volume of 805,523 shares, compared to its average volume of 1,425,695. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32. The company has a market capitalization of $58.34 billion, a PE ratio of 60.61, a price-to-earnings-growth ratio of 2.30 and a beta of 1.10. The business's 50-day simple moving average is $381.01 and its 200 day simple moving average is $320.39. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $424.94.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.44 by $0.04. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $1.90 EPS. On average, analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, July 1st. Quanta Services's dividend payout ratio (DPR) is 6.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. The Goldman Sachs Group reissued a "buy" rating and set a $414.00 price objective (up previously from $364.00) on shares of Quanta Services in a research note on Wednesday, June 4th. Wall Street Zen raised Quanta Services from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Roth Capital reiterated a "buy" rating and issued a $450.00 price objective (up from $350.00) on shares of Quanta Services in a research report on Tuesday, July 29th. UBS Group increased their price objective on Quanta Services from $413.00 to $474.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Daiwa America lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Twelve research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $392.45.

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.