1,065 Shares in Quanta Services, Inc. $PWR Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,065 shares of the construction company’s stock, valued at approximately $435,000.

Several other large investors also recently made changes to their positions in the business. Norges Bank purchased a new stake in Quanta Services during the 2nd quarter worth $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Quanta Services by 57.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after purchasing an additional 882,209 shares in the last quarter. Select Equity Group L.P. boosted its position in shares of Quanta Services by 69.3% in the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after buying an additional 416,395 shares during the period. Vanguard Group Inc. grew its stake in shares of Quanta Services by 1.9% in the second quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company’s stock valued at $6,713,446,000 after buying an additional 339,383 shares in the last quarter. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Quanta Services during the third quarter valued at approximately $97,080,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PWR. Citigroup raised their target price on Quanta Services from $526.00 to $540.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Jefferies Financial Group cut their target price on Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Evercore lifted their price target on shares of Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Argus set a $540.00 price objective on shares of Quanta Services in a research note on Friday, October 31st. Finally, Sanford C. Bernstein dropped their target price on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating for the company in a research report on Friday, December 19th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

Quanta Services Trading Down 1.5%

Quanta Services stock opened at $516.16 on Friday. 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 1 year low of $227.08 and a 1 year high of $543.28. The firm’s 50-day moving average is $455.57 and its 200-day moving average is $428.36. The company has a market cap of $76.97 billion, a P/E ratio of 76.47, a PEG ratio of 2.54 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.