Robeco Institutional Asset Management B.V. Has $27.12 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Robeco Institutional Asset Management B.V. decreased its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,700 shares of the construction company's stock after selling 12,844 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.07% of Quanta Services worth $27,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Banque Transatlantique SA acquired a new stake in shares of Quanta Services during the fourth quarter worth approximately $25,000. Quarry LP acquired a new stake in shares of Quanta Services during the fourth quarter worth approximately $26,000. Rakuten Securities Inc. increased its holdings in shares of Quanta Services by 1,027.3% during the fourth quarter. Rakuten Securities Inc. now owns 124 shares of the construction company's stock worth $39,000 after buying an additional 113 shares in the last quarter. OLD Second National Bank of Aurora acquired a new stake in shares of Quanta Services during the first quarter worth approximately $42,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Quanta Services by 77.9% during the first quarter. Sound Income Strategies LLC now owns 185 shares of the construction company's stock worth $47,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on PWR shares. Piper Sandler reissued an "overweight" rating and set a $370.00 price target (up from $360.00) on shares of Quanta Services in a research note on Tuesday, May 27th. UBS Group set a $413.00 price target on shares of Quanta Services and gave the company a "buy" rating in a research note on Thursday, June 12th. Wall Street Zen raised shares of Quanta Services from a "hold" rating to a "buy" rating in a research note on Friday. Argus set a $375.00 price target on shares of Quanta Services in a research note on Monday, May 5th. Finally, Evercore ISI increased their price target on shares of Quanta Services from $331.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $349.65.

Quanta Services Trading Up 0.6%

PWR opened at $381.68 on Friday. The firm's fifty day moving average is $336.76 and its two-hundred day moving average is $307.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 1.31. The firm has a market cap of $56.59 billion, a PE ratio of 61.56, a price-to-earnings-growth ratio of 2.95 and a beta of 1.07. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $382.79.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.06%. The business's revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the business posted $1.41 earnings per share. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors 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 annualized dividend and a yield of 0.10%. Quanta Services's dividend payout ratio is currently 6.45%.

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.

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