ABN AMRO Bank N.V. Boosts Stock Position in Quanta Services, Inc. $PWR

ABN AMRO Bank N.V. boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 164.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,669 shares of the construction company’s stock after purchasing an additional 55,187 shares during the quarter. ABN AMRO Bank N.V. owned about 0.06% of Quanta Services worth $36,567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PWR. Petros Family Wealth LLC grew its position in Quanta Services by 2.2% in the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after acquiring an additional 24 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in shares of Quanta Services by 1.2% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock valued at $851,000 after purchasing an additional 26 shares during the last quarter. Carr Financial Group Corp boosted its holdings in shares of Quanta Services by 1.8% in the 3rd quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock worth $610,000 after purchasing an additional 26 shares during the period. Kathmere Capital Management LLC increased its position in shares of Quanta Services by 2.8% during the 3rd quarter. Kathmere Capital Management LLC now owns 961 shares of the construction company’s stock valued at $398,000 after purchasing an additional 26 shares during the last quarter. Finally, Westside Investment Management Inc. raised its holdings in Quanta Services by 9.8% during the 3rd quarter. Westside Investment Management Inc. now owns 292 shares of the construction company’s stock valued at $122,000 after buying an additional 26 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $464.35 on Thursday. The firm’s 50 day simple moving average is $449.69 and its 200-day simple moving average is $424.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $492.80. The firm has a market cap of $69.24 billion, a PE ratio of 68.79, a price-to-earnings-growth ratio of 2.37 and a beta of 1.15.

Analyst Ratings Changes

Several research analysts have commented on the stock. Roth Mkm set a $500.00 price objective on shares of Quanta Services and gave the stock a “buy” rating in a research note on Friday, October 31st. Cantor Fitzgerald began coverage on shares of Quanta Services in a research note on Friday, January 23rd. They set an “overweight” rating and a $520.00 price target for the company. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. The Goldman Sachs Group set a $495.00 target price on Quanta Services in a research report on Monday, November 24th. Finally, Robert W. Baird set a $490.00 price target on Quanta Services in a report on Friday, October 31st. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.