Is Primoris Services Corp (NASDAQ:PRIM) Going to Burn These Institutional Investors?

April 16, 2018 - By Peter Erickson

Primoris Services Corporation (NASDAQ:PRIM) Logo

Sentiment for Primoris Services Corp (NASDAQ:PRIM)

Primoris Services Corp (NASDAQ:PRIM) institutional sentiment decreased to 1.25 in Q4 2017. Its down -0.70, from 1.95 in 2017Q3. The ratio is negative, as 80 institutional investors increased and opened new stock positions, while 64 sold and decreased their positions in Primoris Services Corp. The institutional investors in our partner’s database now hold: 33.44 million shares, up from 33.25 million shares in 2017Q3. Also, the number of institutional investors holding Primoris Services Corp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 16 Reduced: 48 Increased: 48 New Position: 32.

Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services in the United States and internationally. The company has market cap of $1.38 billion. It operates through three divisions: The West Construction Services, The East Construction Services, and The Energy. It has a 19.11 P/E ratio. The firm installs, replaces, repairs, and rehabilitates natural gas, refined product, and water and wastewater pipeline systems; diameter gas and liquid pipeline facilities; and heavy civil projects, earthwork, and site development, as well as constructs mechanical facilities and other structures, including power plants, petrochemical facilities, refineries, water and wastewater treatment facilities, and parking structures.

The stock increased 1.59% or $0.42 during the last trading session, reaching $26.76. About 86,734 shares traded. Primoris Services Corporation (NASDAQ:PRIM) has risen 7.06% since April 16, 2017 and is uptrending. It has underperformed by 4.49% the S&P500.

Analysts await Primoris Services Corporation (NASDAQ:PRIM) to report earnings on May, 14. They expect $0.01 earnings per share, down 93.33 % or $0.14 from last year’s $0.15 per share. PRIM’s profit will be $515,321 for 669.00 P/E if the $0.01 EPS becomes a reality. After $0.25 actual earnings per share reported by Primoris Services Corporation for the previous quarter, Wall Street now forecasts -96.00 % negative EPS growth.

Bar Harbor Trust Services holds 2.34% of its portfolio in Primoris Services Corporation for 163,490 shares. Van Berkom & Associates Inc. owns 2.05 million shares or 1.82% of their US portfolio. Moreover, Walthausen & Co. Llc has 1.22% invested in the company for 474,324 shares. The Illinois-based Coe Capital Management Llc has invested 1.04% in the stock. Pier Capital Llc, a Connecticut-based fund reported 197,606 shares.#img1#

Since January 1, 0001, it had 4 insider buys, and 3 sales for $16.35 million activity.

Primoris Services Corporation (NASDAQ:PRIM) Ratings Coverage

Ratings analysis reveals 60% of Primoris Services Corp’s analysts are positive. Out of 5 Wall Street analysts rating Primoris Services Corp, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $28.0 while the high is $30.0. The stock’s average target of $29 is 8.37% above today’s ($26.76) share price. PRIM was included in 8 notes of analysts from October 19, 2017. The rating was upgraded by DA Davidson on Wednesday, February 28 to “Buy”. The stock has “Buy” rating by Canaccord Genuity on Thursday, October 19. The firm earned “Buy” rating on Wednesday, April 11 by Canaccord Genuity. The rating was maintained by Stephens on Tuesday, February 27 with “Hold”. The firm has “Hold” rating given on Monday, November 20 by KeyBanc Capital Markets. The company was upgraded on Wednesday, February 28 by Sidoti. The rating was maintained by KeyBanc Capital Markets on Thursday, October 19 with “Hold”. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, March 29.

Primoris Services Corporation (NASDAQ:PRIM) Institutional Positions Chart

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