Srb Corp buys $168,976 stake in Quanta Services Inc (PWR)

Quanta Services Inc (PWR) : Srb Corp scooped up 799 additional shares in Quanta Services Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 7,395 shares of Quanta Services Inc which is valued at $168,976.Quanta Services Inc makes up approximately 0.03% of Srb Corp’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp reduced its stake in PWR by selling 122,342 shares or 69.93% in the most recent quarter. The Hedge Fund company now holds 52,605 shares of PWR which is valued at $1.2 Million. Quanta Services Inc makes up approx 0.05% of Stevens Capital Management Lp’s portfolio.Canada Pension Plan Investment Board reduced its stake in PWR by selling 103,864 shares or 8.02% in the most recent quarter. The Hedge Fund company now holds 1,190,929 shares of PWR which is valued at $27.2 Million. Quanta Services Inc makes up approx 0.11% of Canada Pension Plan Investment Board’s portfolio.Tobam boosted its stake in PWR in the latest quarter, The investment management firm added 778,209 additional shares and now holds a total of 1,146,940 shares of Quanta Services Inc which is valued at $26.2 Million. Quanta Services Inc makes up approx 1.04% of Tobam’s portfolio.Ngam Advisors reduced its stake in PWR by selling 21,176 shares or 61.78% in the most recent quarter. The Hedge Fund company now holds 13,100 shares of PWR which is valued at $309,553.Princeton Alpha Management Lp boosted its stake in PWR in the latest quarter, The investment management firm added 42,968 additional shares and now holds a total of 114,604 shares of Quanta Services Inc which is valued at $2.7 Million. Quanta Services Inc makes up approx 0.44% of Princeton Alpha Management Lp’s portfolio.

Quanta Services Inc opened for trading at $22.8 and hit $23.515 on the upside on Wednesday, eventually ending the session at $23.41, with a gain of 3.36% or 0.76 points. The heightened volatility saw the trading volume jump to 30,35,545 shares. Company has a market cap of $3,375 M.

On the company’s financial health, Quanta Services Inc reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.26. The company had revenue of $1713.70 million for the quarter, compared to analysts expectations of $1726.78 million. The company’s revenue was down -7.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Quanta Services Inc. Company shares were Reiterated by FBR Capital on May 6, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 25 from a previous price target of $23 .Company shares were Reiterated by Maxim Group on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .

Quanta Services Inc. (Quanta) is a provider of specialty contracting services offering infrastructure solutions primarily to the electric power and natural gas and oil pipeline industries. The Company operates in two segments such as electric power infrastructure services and oil and gas infrastructure services. The Electric Power Infrastructure Services segment provides network solutions to the electric power industry. Its Electric Power Infrastructure Services segment includes various services such as design installation and maintenance of electric power transmission and distribution infrastructure and substation facilities among others. The Oil and Gas Infrastructure Services segment provides network solutions to customers of development and transportation of natural gas and oil. Its Oil and Gas Infrastructure Services segment include the design installation and maintenance of pipeline transmission distribution systems and gathering systems among others.

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