Cibc World Market Inc. Has $25.79 Million Holdings in Quanta Services, Inc. $PWR

Cibc World Market Inc. decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 34.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 62,242 shares of the construction company’s stock after selling 32,820 shares during the period. Cibc World Market Inc.’s holdings in Quanta Services were worth $25,794,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Copia Wealth Management lifted its stake in shares of Quanta Services by 509.1% in the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after buying an additional 56 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Quanta Services in the 2nd quarter worth $26,000. Activest Wealth Management lifted its position in Quanta Services by 94.1% during the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after acquiring an additional 32 shares during the last quarter. Solstein Capital LLC boosted its holdings in Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock valued at $30,000 after acquiring an additional 52 shares during the period. Finally, Cornerstone Planning Group LLC grew its position in shares of Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PWR. The Goldman Sachs Group set a $495.00 target price on Quanta Services in a research note on Monday, November 24th. Mizuho set a $415.00 price objective on shares of Quanta Services in a research note on Tuesday, October 28th. Jefferies Financial Group dropped their target price on shares of Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Robert W. Baird set a $490.00 price target on shares of Quanta Services in a report on Friday, October 31st. Finally, Citigroup boosted their price objective on shares of Quanta Services from $526.00 to $540.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $462.00.

Quanta Services Stock Up 2.5%

Shares of NYSE:PWR opened at $523.53 on Thursday. The company’s fifty day moving average is $454.54 and its 200-day moving average is $427.75. 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 52 week low of $227.08 and a 52 week high of $534.50. The company has a market capitalization of $78.07 billion, a PE ratio of 77.56, a P/E/G ratio of 2.47 and a beta of 1.15.

Quanta Services Profile

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.