Atria Investments Inc Acquires 2,340 Shares of Quanta Services, Inc. $PWR

Atria Investments Inc increased its holdings in Quanta Services, Inc. (NYSE:PWR) by 20.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,818 shares of the construction company’s stock after buying an additional 2,340 shares during the period. Atria Investments Inc’s holdings in Quanta Services were worth $5,727,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several analysts have commented on PWR shares. Mizuho set a $415.00 price objective on shares of Quanta Services in a research note on Tuesday, October 28th. Jefferies Financial Group decreased their target price on shares of Quanta Services from $517.00 to $506.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Sanford C. Bernstein cut their price target on Quanta Services from $432.00 to $428.00 and set a “market perform” rating on the stock in a research report on Friday, December 19th. The Goldman Sachs Group set a $495.00 price objective on Quanta Services in a report on Monday, November 24th. Finally, Roth Mkm set a $500.00 target price on Quanta Services and gave the stock a “buy” rating in a report on Friday, October 31st. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $462.00.

Quanta Services Stock Performance

PWR opened at $523.75 on Friday. The firm’s fifty day simple moving average is $456.82 and its two-hundred day simple moving average is $429.14. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $543.28. The company has a market cap of $78.10 billion, a price-to-earnings ratio of 77.59, a PEG ratio of 2.50 and a beta of 1.15. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66.

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.