Robeco Institutional Asset Management B.V. Sells 86,747 Shares of Quanta Services, Inc. (NYSE:PWR)

Robeco Institutional Asset Management B.V. lowered its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,552 shares of the construction company's stock after selling 86,747 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Quanta Services worth $32,273,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Truist Financial Corp raised its holdings in shares of Quanta Services by 2.2% in the fourth quarter. Truist Financial Corp now owns 432,810 shares of the construction company's stock worth $93,400,000 after buying an additional 9,421 shares during the last quarter. Carnegie Capital Asset Management LLC raised its position in shares of Quanta Services by 24.5% in the fourth quarter. Carnegie Capital Asset Management LLC now owns 1,650 shares of the construction company's stock valued at $356,000 after buying an additional 325 shares during the last quarter. Gradient Investments LLC lifted its holdings in Quanta Services by 669,187.5% in the fourth quarter. Gradient Investments LLC now owns 53,543 shares of the construction company's stock valued at $11,555,000 after acquiring an additional 53,535 shares during the last quarter. Saxon Interests Inc. purchased a new position in Quanta Services in the fourth quarter worth approximately $1,352,000. Finally, Nordea Investment Management AB boosted its stake in Quanta Services by 8,297.7% during the fourth quarter. Nordea Investment Management AB now owns 912,413 shares of the construction company's stock worth $196,205,000 after buying an additional 901,548 shares during the period. Institutional investors own 90.49% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Truist Financial restated a "buy" rating and set a $305.00 price target (up from $301.00) on shares of Quanta Services in a research report on Monday, May 6th. Evercore ISI boosted their price target on shares of Quanta Services from $255.00 to $288.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 7th. Stifel Nicolaus lifted their price objective on shares of Quanta Services from $237.00 to $252.00 and gave the company a "buy" rating in a report on Friday, February 23rd. B. Riley increased their target price on shares of Quanta Services from $246.00 to $286.00 and gave the stock a "buy" rating in a report on Friday, May 3rd. Finally, The Goldman Sachs Group boosted their price target on shares of Quanta Services from $227.00 to $259.00 and gave the stock a "buy" rating in a research note on Monday, February 26th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Quanta Services presently has a consensus rating of "Moderate Buy" and an average target price of $262.00.

Insider Transactions at Quanta Services

In other Quanta Services news, Director Worthing Jackman sold 9,572 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $237.31, for a total value of $2,271,531.32. Following the transaction, the director now directly owns 7,486 shares of the company's stock, valued at approximately $1,776,502.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Quanta Services news, EVP Donald Wayne sold 595 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $239.61, for a total transaction of $142,567.95. Following the completion of the transaction, the executive vice president now directly owns 41,954 shares in the company, valued at approximately $10,052,597.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Worthing Jackman sold 9,572 shares of Quanta Services stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $237.31, for a total value of $2,271,531.32. Following the sale, the director now owns 7,486 shares of the company's stock, valued at approximately $1,776,502.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,125 shares of company stock worth $11,270,215. Company insiders own 1.10% of the company's stock.

Quanta Services Stock Up 0.2 %

Quanta Services stock traded up $0.58 during mid-day trading on Friday, hitting $264.40. The company had a trading volume of 795,648 shares, compared to its average volume of 989,166. The business has a fifty day moving average of $255.96 and a 200 day moving average of $221.67. Quanta Services, Inc. has a 1 year low of $153.74 and a 1 year high of $273.00. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. The stock has a market cap of $38.71 billion, a price-to-earnings ratio of 51.24 and a beta of 1.10.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.21. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.19 billion. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. The business's quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 earnings per share. On average, sell-side analysts expect that Quanta Services, Inc. will post 7.68 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.14%. Quanta Services's payout ratio is 6.98%.

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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