Parametric Portfolio Associates LLC Has $13.15 Million Position in Quanta Services, Inc. (PWR)

Parametric Portfolio Associates LLC cut its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 17.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,582 shares of the construction company’s stock after selling 81,992 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.27% of Quanta Services worth $13,154,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Stephens Inc. AR grew its stake in shares of Quanta Services by 0.5% during the first quarter. Stephens Inc. AR now owns 5,980 shares of the construction company’s stock worth $222,000 after purchasing an additional 31 shares during the period. CIBC Asset Management Inc grew its stake in Quanta Services by 0.4% in the second quarter. CIBC Asset Management Inc now owns 13,120 shares of the construction company’s stock valued at $432,000 after acquiring an additional 53 shares during the period. Public Employees Retirement Association of Colorado grew its stake in Quanta Services by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 31,071 shares of the construction company’s stock valued at $1,023,000 after acquiring an additional 87 shares during the period. Mason Street Advisors LLC grew its stake in Quanta Services by 1.0% in the first quarter. Mason Street Advisors LLC now owns 20,898 shares of the construction company’s stock valued at $776,000 after acquiring an additional 214 shares during the period. Finally, US Bancorp DE grew its stake in Quanta Services by 4.2% in the second quarter. US Bancorp DE now owns 7,641 shares of the construction company’s stock valued at $252,000 after acquiring an additional 307 shares during the period. 88.53% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Parametric Portfolio Associates LLC Has $13.15 Million Position in Quanta Services, Inc. (PWR)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/parametric-portfolio-associates-llc-has-13-15-million-position-in-quanta-services-inc-pwr.html.

In other Quanta Services news, EVP Randall C. Wisenbaker sold 9,000 shares of Quanta Services stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $35.15, for a total transaction of $316,350.00. Following the completion of the transaction, the executive vice president now owns 34,797 shares in the company, valued at approximately $1,223,114.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick Wood III sold 4,000 shares of Quanta Services stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $34.51, for a total value of $138,040.00. Following the transaction, the director now owns 7,506 shares of the company’s stock, valued at approximately $259,032.06. The disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock valued at $597,550 in the last quarter. Company insiders own 0.70% of the company’s stock.

A number of research firms have issued reports on PWR. ValuEngine cut Quanta Services from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research cut Quanta Services from a “hold” rating to a “sell” rating in a research note on Monday. Robert W. Baird reissued a “hold” rating and issued a $39.00 target price on shares of Quanta Services in a research note on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $45.00 target price on shares of Quanta Services in a research note on Thursday, September 7th. Finally, BidaskClub cut Quanta Services from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $41.56.

Shares of Quanta Services, Inc. (NYSE:PWR) opened at 37.37 on Tuesday. The company’s 50-day moving average price is $36.28 and its 200 day moving average price is $34.43. Quanta Services, Inc. has a 12-month low of $27.29 and a 12-month high of $38.82. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 21.25 and a beta of 0.83.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.13 billion. Qu

Several other institutional investors also recently made changes to their positions in the stock. Stephens Inc. AR grew its stake in shares of Quanta Services by 0.5% during the first quarter. Stephens Inc. AR now owns 5,980 shares of the construction company’s stock worth $222,000 after purchasing an additional 31 shares during the period. CIBC Asset Management Inc grew its stake in Quanta Services by 0.4% in the second quarter. CIBC Asset Management Inc now owns 13,120 shares of the construction company’s stock valued at $432,000 after acquiring an additional 53 shares during the period. Public Employees Retirement Association of Colorado grew its stake in Quanta Services by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 31,071 shares of the construction company’s stock valued at $1,023,000 after acquiring an additional 87 shares during the period. Mason Street Advisors LLC grew its stake in Quanta Services by 1.0% in the first quarter. Mason Street Advisors LLC now owns 20,898 shares of the construction company’s stock valued at $776,000 after acquiring an additional 214 shares during the period. Finally, US Bancorp DE grew its stake in Quanta Services by 4.2% in the second quarter. US Bancorp DE now owns 7,641 shares of the construction company’s stock valued at $252,000 after acquiring an additional 307 shares during the period. 88.53% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Parametric Portfolio Associates LLC Has $13.15 Million Position in Quanta Services, Inc. (PWR)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/parametric-portfolio-associates-llc-has-13-15-million-position-in-quanta-services-inc-pwr.html.

In other Quanta Services news, EVP Randall C. Wisenbaker sold 9,000 shares of Quanta Services stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $35.15, for a total transaction of $316,350.00. Following the completion of the transaction, the executive vice president now owns 34,797 shares in the company, valued at approximately $1,223,114.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick Wood III sold 4,000 shares of Quanta Services stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $34.51, for a total value of $138,040.00. Following the transaction, the director now owns 7,506 shares of the company’s stock, valued at approximately $259,032.06. The disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock valued at $597,550 in the last quarter. Company insiders own 0.70% of the company’s stock.

A number of research firms have issued reports on PWR. ValuEngine cut Quanta Services from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research cut Quanta Services from a “hold” rating to a “sell” rating in a research note on Monday. Robert W. Baird reissued a “hold” rating and issued a $39.00 target price on shares of Quanta Services in a research note on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $45.00 target price on shares of Quanta Services in a research note on Thursday, September 7th. Finally, BidaskClub cut Quanta Services from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $41.56.

Shares of Quanta Services, Inc. (NYSE:PWR) opened at 37.37 on Tuesday. The company’s 50-day moving average price is $36.28 and its 200 day moving average price is $34.43. Quanta Services, Inc. has a 12-month low of $27.29 and a 12-month high of $38.82. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 21.25 and a beta of 0.83.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.13 billion. Quanta Services had a net margin of 3.21% and a return on equity of 8.36%. Quanta Services’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. Equities analysts predict that Quanta Services, Inc. will post $2.03 earnings per share for the current year.

Quanta Services Profile

Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.

Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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