1 week Ago By ABMN Staff
Envestnet Asset Management Inc. lifted its holdings in shares of Primoris Services Co. ( NASDAQ:PRIM – Free Report ) by 58.
7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,230 shares of the construction company’s stock after acquiring an additional 14,877 shares during the quarter. Envestnet Asset Management Inc.
’s holdings in Primoris Services were worth $3,074,000 as of its most recent filing with the SEC. A number of other hedge funds have also recently bought and sold shares of the business. USA Financial Formulas acquired a new stake in Primoris Services during the fourth quarter valued at approximately $27,000.
Farther Finance Advisors LLC increased its stake in shares of Primoris Services by 3,552.4% in the fourth quarter. Farther Finance Advisors LLC now owns 767 shares of the construction company’s stock valued at $59,000 after purchasing an additional 746 shares during the period.
Principal Securities Inc. increased its position in Primoris Services by 63.2% in the 4th quarter.
Principal Securities Inc. now owns 886 shares of the construction company’s stock valued at $68,000 after acquiring an additional 343 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Primoris Services during the fourth quarter valued at about $97,000.
Finally, Venturi Wealth Management LLC acquired a new stake in Primoris Services in the fourth quarter worth about $143,000. Institutional investors and hedge funds own 91.82% of the company’s stock.
Primoris Services Stock Performance PRIM opened at $60.59 on Friday. The stock has a 50-day moving average of $61.
67 and a 200-day moving average of $71.21. The company has a debt-to-equity ratio of 0.
61, a quick ratio of 1.38 and a current ratio of 1.38.
Primoris Services Co. has a 52-week low of $45.37 and a 52-week high of $90.
86. The company has a market cap of $3.27 billion, a PE ratio of 20.
06 and a beta of 1.17. Primoris Services Announces Dividend Wall Street Analysts Forecast Growth A number of equities analysts have issued reports on the company.
DA Davidson reaffirmed a “buy” rating and set a $85.00 price target on shares of Primoris Services in a research note on Tuesday, February 25th. JPMorgan Chase & Co.
upped their target price on Primoris Services from $88.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th.
KeyCorp lowered their price objective on shares of Primoris Services from $90.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th.
Piper Sandler started coverage on Primoris Services in a report on Tuesday, April 8th. They issued an “overweight” rating and a $75.00 target price on the stock.
Finally, Jefferies Financial Group started coverage on Primoris Services in a report on Tuesday, March 11th. They set a “buy” rating and a $73.00 price objective for the company.
One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $84.75.
Read Our Latest Analysis on PRIM Insider Buying and Selling In related news, insider Jeremy Kinch sold 4,500 shares of the 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 sale, the insider now owns 12,586 shares in the company, valued at approximately $858,868.64.
This trade represents a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .
Also, Director Stephen C. Cook sold 998 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $68.
00, for a total value of $67,864.00. Following the sale, the director now owns 7,377 shares in the company, valued at approximately $501,636.
This represents a 11.92 % decrease in their ownership of the stock. 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. Insiders own 0.90% 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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