Quanta Services Inc (PWR) Position Lifted by Schroder Investment Management Group
Schroder Investment Management Group increased its position in shares of Quanta Services Inc (NYSE:PWR) by 20.5% during the 4th quarter, Holdings Channel reports. The fund owned 119,475 shares of the construction company’s stock after buying an additional 20,306 shares during the quarter. Schroder Investment Management Group’s holdings in Quanta Services were worth $4,673,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in PWR. Mckinley Capital Management LLC Delaware bought a new position in Quanta Services during the 3rd quarter worth approximately $111,000. Cerebellum GP LLC bought a new position in Quanta Services during the 4th quarter worth approximately $130,000. Intact Investment Management Inc. bought a new position in Quanta Services during the 3rd quarter worth approximately $209,000. Maple Capital Management Inc. bought a new position in Quanta Services during the 3rd quarter worth approximately $213,000. Finally, Parametrica Management Ltd bought a new position in Quanta Services during the 4th quarter worth approximately $264,000. 83.60% of the stock is currently owned by institutional investors and hedge funds.
Quanta Services Inc (PWR) opened at $34.24 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 0.18. Quanta Services Inc has a one year low of $30.23 and a one year high of $40.10. The firm has a market cap of $5,205.80, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.77 and a beta of 0.86.
Several research firms recently weighed in on PWR. Stifel Nicolaus reissued a “buy” rating on shares of Quanta Services in a research note on Thursday, December 14th. Zacks Investment Research lowered shares of Quanta Services from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. KeyCorp reissued an “overweight” rating and set a $49.00 price objective (up previously from $46.00) on shares of Quanta Services in a research note on Friday, February 23rd. Citigroup lifted their price objective on shares of Quanta Services from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Stephens reissued a “buy” rating and set a $49.00 price objective on shares of Quanta Services in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $45.15.
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Quanta Services Profile
Quanta Services, Inc is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products.
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