Czech National Bank Grows Stake in Quanta Services, Inc. (NYSE:PWR)

Czech National Bank increased its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 5.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,904 shares of the construction company's stock after buying an additional 1,898 shares during the quarter. Czech National Bank's holdings in Quanta Services were worth $8,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mechanics Bank Trust Department grew its holdings in shares of Quanta Services by 13.6% during the 1st quarter. Mechanics Bank Trust Department now owns 8,629 shares of the construction company's stock valued at $2,193,000 after purchasing an additional 1,036 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Quanta Services by 4.7% during the first quarter. Rhumbline Advisers now owns 324,451 shares of the construction company's stock valued at $82,469,000 after buying an additional 14,513 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Quanta Services by 37.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,243 shares of the construction company's stock worth $570,000 after buying an additional 612 shares during the period. Cerro Pacific Wealth Advisors LLC bought a new stake in shares of Quanta Services in the 1st quarter valued at about $164,000. Finally, Rothschild Investment LLC boosted its holdings in Quanta Services by 70.8% during the 1st quarter. Rothschild Investment LLC now owns 791 shares of the construction company's stock valued at $201,000 after acquiring an additional 328 shares during the period. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

PWR has been the subject of a number of recent analyst reports. Daiwa America raised Quanta Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. The Goldman Sachs Group lifted their price objective on Quanta Services from $364.00 to $414.00 and gave the company a "buy" rating in a research report on Wednesday. Argus set a $375.00 price target on Quanta Services in a research report on Monday, May 5th. BMO Capital Markets set a $352.00 price objective on Quanta Services in a research report on Friday, May 2nd. Finally, Citigroup lowered their price target 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. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $347.35.

Quanta Services Stock Performance

Shares of PWR traded up $0.49 on Thursday, reaching $359.60. The company's stock had a trading volume of 876,180 shares, compared to its average volume of 1,535,746. The stock's 50 day simple moving average is $301.84 and its two-hundred day simple moving average is $304.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The stock has a market capitalization of $53.32 billion, a P/E ratio of 59.64, a PEG 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.

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

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.11%. Quanta Services's payout ratio is currently 6.45%.

About Quanta Services

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.