Copperwynd Financial LLC Has $1.90 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Copperwynd Financial LLC trimmed its holdings in Quanta Services, Inc. (NYSE:PWR) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,020 shares of the construction company’s stock after selling 49 shares during the period. Copperwynd Financial LLC’s holdings in Quanta Services were worth $1,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB raised its position in Quanta Services by 4.6% during the third quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock valued at $286,248,000 after purchasing an additional 42,579 shares in the last quarter. Assetmark Inc. raised its position in Quanta Services by 7.3% during the third quarter. Assetmark Inc. now owns 5,781 shares of the construction company’s stock valued at $1,723,000 after purchasing an additional 392 shares in the last quarter. Versor Investments LP acquired a new position in Quanta Services during the third quarter valued at approximately $406,000. Harbour Investments Inc. raised its position in Quanta Services by 3.7% during the third quarter. Harbour Investments Inc. now owns 4,215 shares of the construction company’s stock valued at $1,257,000 after purchasing an additional 150 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Quanta Services by 8.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 1,361 shares of the construction company’s stock valued at $406,000 after purchasing an additional 106 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $261.47 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $295.49 and a two-hundred day moving average price of $304.13. Quanta Services, Inc. has a 1-year low of $227.11 and a 1-year high of $365.88. The company has a market cap of $38.75 billion, a P/E ratio of 43.36, a PEG ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. As a group, analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on PWR. Daiwa Capital Markets cut Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Guggenheim began coverage on Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating for the company. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Daiwa America cut Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, Bank of America began coverage on Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 price target for the company. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.95.

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.