Glenview Trust Co Acquires 2,298 Shares of Quanta Services, Inc. $PWR

Glenview Trust Co boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 18.4% during the third quarter, Holdings Channel reports. The fund owned 14,773 shares of the construction company’s stock after purchasing an additional 2,298 shares during the period. Glenview Trust Co’s holdings in Quanta Services were worth $6,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new stake in shares of Quanta Services during the 2nd quarter worth about $26,000. Activest Wealth Management raised its holdings in Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after acquiring an additional 32 shares during the period. Solstein Capital LLC lifted its position in Quanta Services by 185.7% during the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Quanta Services by 213.0% during the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 49 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in shares of Quanta Services during the second quarter worth approximately $37,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Performance

NYSE PWR opened at $525.16 on Wednesday. The firm’s 50 day simple moving average is $459.38 and its 200 day simple moving average is $431.14. The firm has a market capitalization of $78.31 billion, a price-to-earnings ratio of 77.80, a P/E/G ratio of 2.54 and a beta of 1.15. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $543.28.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PWR shares. Roth Mkm set a $500.00 price target on Quanta Services and gave the company a “buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group set a $495.00 target price on shares of Quanta Services in a research report on Monday, November 24th. Stifel Nicolaus raised their price target on shares of Quanta Services from $495.00 to $517.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Jefferies Financial Group cut their price objective on shares of Quanta Services from $517.00 to $506.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Finally, Mizuho set a $415.00 target price on shares of Quanta Services in a report on Tuesday, October 28th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $464.15.

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.