3 days Ago By ABMN Staff
Envestnet Portfolio Solutions Inc. bought a new stake in shares of Primoris Services Co. ( NASDAQ:PRIM – Free Report ) during the 4th quarter, according to the company in its most recent disclosure with the SEC.
The fund bought 4,111 shares of the construction company’s stock, valued at approximately $314,000. A number of other institutional investors also recently added to or reduced their stakes in the business. USA Financial Formulas bought a new stake in shares of Primoris Services during the fourth quarter valued at about $27,000.
Millburn Ridgefield Corp bought a new stake in shares of Primoris Services during the 3rd quarter worth about $59,000. Farther Finance Advisors LLC lifted its stake in shares of Primoris Services by 3,552.4% in the 4th quarter.
Farther Finance Advisors LLC now owns 767 shares of the construction company’s stock worth $59,000 after acquiring an additional 746 shares during the period. Principal Securities Inc. boosted its holdings in shares of Primoris Services by 63.
2% in the fourth quarter. Principal Securities Inc. now owns 886 shares of the construction company’s stock valued at $68,000 after acquiring an additional 343 shares in the last quarter.
Finally, TD Private Client Wealth LLC increased its stake in shares of Primoris Services by 24.2% during the third quarter. TD Private Client Wealth LLC now owns 1,180 shares of the construction company’s stock valued at $69,000 after acquiring an additional 230 shares during the period.
Institutional investors and hedge funds own 91.82% of the company’s stock. Primoris Services Price Performance NASDAQ PRIM opened at $57.
48 on Friday. Primoris Services Co. has a 1 year low of $40.
74 and a 1 year high of $90.86. The stock’s 50-day moving average price is $71.
62 and its two-hundred day moving average price is $71.32. The company has a market cap of $3.
09 billion, a PE ratio of 19.03 and a beta of 1.13.
The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.
61. Primoris Services Announces Dividend Wall Street Analyst Weigh In A number of equities analysts have issued reports on PRIM shares. Guggenheim initiated coverage on Primoris Services in a research note on Wednesday, January 8th.
They set a “buy” rating and a $102.00 price target for the company. DA Davidson reaffirmed a “buy” rating and set a $85.
00 target price on shares of Primoris Services in a research note on Tuesday, February 25th. Jefferies Financial Group began coverage on shares of Primoris Services in a research report on Tuesday, March 11th. They issued a “buy” rating and a $73.
00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Primoris Services from $88.
00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, KeyCorp began coverage on shares of Primoris Services in a report on Wednesday, December 11th.
They issued an “overweight” rating and a $96.00 target price on the stock. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $89.14.
Read Our Latest Report on Primoris Services Insider Buying and Selling In other Primoris Services news, Director Stephen C. Cook sold 998 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $68.
00, for a total transaction of $67,864.00. Following the completion of the sale, the director now directly owns 7,377 shares in the company, valued at approximately $501,636.
This trade represents a 11.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink .
Also, insider Jeremy Kinch sold 4,500 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $68.24, for a total value of $307,080.
00. Following the completion of the transaction, the insider now owns 12,586 shares in the company, valued at $858,868.64.
This represents a 26.34 % decrease in their position. The disclosure for this sale can be found here .
In the last 90 days, insiders sold 66,888 shares of company stock valued at $4,310,043. Company insiders own 1.40% of the company’s stock.
Primoris Services Company Profile ( Free Report ) Primoris Services Corporation, a specialty contractor company, provides a range of specialty construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. The company operates through Utilities and Energy/Renewables segments. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems.
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