As Quanta Services (PWR) Shares Declined, Sandy Spring Bank Increased by $1.43 Million Its Stake; Centurylink Investment Management Company Has Boosted Its Stake in Validus Holding LTD (VR) by $392,656

May 18, 2018 - By Adrian Erickson

Quanta Services, Inc. (NYSE:PWR) Logo

Sandy Spring Bank increased its stake in Quanta Services Inc (PWR) by 144.39% based on its latest 2017Q4 regulatory filing with the SEC. Sandy Spring Bank bought 36,545 shares as the company’s stock declined 13.73% with the market. The institutional investor held 61,855 shares of the capital goods company at the end of 2017Q4, valued at $2.42 million, up from 25,310 at the end of the previous reported quarter. Sandy Spring Bank who had been investing in Quanta Services Inc for a number of months, seems to be bullish on the $5.51 billion market cap company. The stock decreased 0.05% or $0.02 during the last trading session, reaching $36.72. About 1.13 million shares traded. Quanta Services, Inc. (NYSE:PWR) has declined 5.50% since May 18, 2017 and is downtrending. It has underperformed by 17.05% the S&P500.

Centurylink Investment Management Company increased its stake in Validus Holding Ltd (VR) by 49.29% based on its latest 2017Q4 regulatory filing with the SEC. Centurylink Investment Management Company bought 8,536 shares as the company’s stock rose 43.87% while stock markets declined. The institutional investor held 25,853 shares of the finance company at the end of 2017Q4, valued at $1.21 million, up from 17,317 at the end of the previous reported quarter. Centurylink Investment Management Company who had been investing in Validus Holding Ltd for a number of months, seems to be bullish on the $5.54B market cap company. The stock increased 0.03% or $0.02 during the last trading session, reaching $67.5. About 347,703 shares traded. Validus Holdings, Ltd. (NYSE:VR) has risen 21.21% since May 18, 2017 and is uptrending. It has outperformed by 9.66% the S&P500.

Among 15 analysts covering Quanta Services Inc. (NYSE:PWR), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Quanta Services Inc. has $53 highest and $20 lowest target. $41.42’s average target is 12.80% above currents $36.72 stock price. Quanta Services Inc. had 51 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Friday, May 6 by Maxim Group. The firm has “Buy” rating given on Tuesday, February 6 by Citigroup. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, May 6 report. Stifel Nicolaus maintained it with “Buy” rating and $47.0 target in Sunday, December 10 report. Robert W. Baird downgraded Quanta Services, Inc. (NYSE:PWR) on Thursday, November 12 to “Neutral” rating. The rating was maintained by B. Riley & Co with “Buy” on Tuesday, November 7. FBR Capital downgraded Quanta Services, Inc. (NYSE:PWR) on Monday, October 19 to “Mkt Perform” rating. The company was maintained on Monday, February 26 by FBR Capital. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, October 5. The rating was upgraded by Citigroup to “Buy” on Friday, August 18.

Sandy Spring Bank, which manages about $1.10B US Long portfolio, decreased its stake in General Electric Company (NYSE:GE) by 92,908 shares to 116,463 shares, valued at $2.03M in 2017Q4, according to the filing. It also reduced its holding in Ishares Russell Midcap Growth Index (IWP) by 8,714 shares in the quarter, leaving it with 19,699 shares, and cut its stake in Verizon Communications (NYSE:VZ).

Another recent and important Quanta Services, Inc. (NYSE:PWR) news was published by Seekingalpha.com which published an article titled: “Quanta Services (PWR) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018.

Since December 15, 2017, it had 0 insider buys, and 8 sales for $3.87 million activity. Shares for $677,000 were sold by Carpenter Michael E.A. on Monday, March 12.

More news for Validus Holdings, Ltd. (NYSE:VR) were recently published by: Streetinsider.com, which released: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” on May 15, 2018. Gurufocus.com‘s article titled: “John Paulson Establishes 8 New Positions in 1st Quarter” and published on May 17, 2018 is yet another important article.

Centurylink Investment Management Company, which manages about $18.36B and $283.23 million US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 12,216 shares to 74,431 shares, valued at $6.37 million in 2017Q4, according to the filing. It also reduced its holding in Cisco Sys Inc (NASDAQ:CSCO) by 20,761 shares in the quarter, leaving it with 93,090 shares, and cut its stake in Merck & Co Inc New (NYSE:MRK).

Validus Holdings, Ltd. (NYSE:VR) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.