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 Aug 15, 2016. The investment management firm now holds a total of 7,395 shares of Quanta Services Inc which is valued at $184,136.Quanta Services Inc makes up approximately 0.03% of Srb Corp’s portfolio.
Other Hedge Funds, Including , Wellington Management Group Llp boosted its stake in PWR in the latest quarter, The investment management firm added 338,470 additional shares and now holds a total of 625,193 shares of Quanta Services Inc which is valued at $15,567,306.Blackrock Investment Management reduced its stake in PWR by selling 19,299 shares or 5.63% in the most recent quarter. The Hedge Fund company now holds 323,302 shares of PWR which is valued at $8,050,220. Quanta Services Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio. Cable Hill Partners sold out all of its stake in PWR during the most recent quarter. The investment firm sold 207 shares of PWR which is valued $5,144.Cibc Asset Management Inc reduced its stake in PWR by selling 74 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 14,190 shares of PWR which is valued at $360,710.
Quanta Services Inc closed down -0.21 points or -0.80% at $26.01 with 1,821,128 shares getting traded on Wednesday. Post opening the session at $26.16, the shares hit an intraday low of $25.88 and an intraday high of $26.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Quanta Services Inc reported $0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.37. The company had revenue of $1790.00 million for the quarter, compared to analysts expectations of $1859.12 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Quanta Services Inc. Stifel Upgraded Quanta Services Inc on Aug 5, 2016 to ” Buy”, Price Target of the shares are set at $28.
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.