Glenview Trust co Acquires 1,686 Shares of Quanta Services, Inc. (NYSE:PWR)

Glenview Trust co lifted its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 43.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,552 shares of the construction company's stock after purchasing an additional 1,686 shares during the period. Glenview Trust co's holdings in Quanta Services were worth $1,755,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB raised its stake in Quanta Services by 4.6% in the third quarter. Swedbank AB now owns 960,081 shares of the construction company's stock valued at $286,248,000 after buying an additional 42,579 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Quanta Services by 8.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,361 shares of the construction company's stock valued at $406,000 after purchasing an additional 106 shares during the last quarter. Huntington National Bank boosted its position in Quanta Services by 2.9% during the third quarter. Huntington National Bank now owns 1,240 shares of the construction company's stock worth $370,000 after purchasing an additional 35 shares during the period. KBC Group NV increased its holdings in shares of Quanta Services by 13.4% in the third quarter. KBC Group NV now owns 13,094 shares of the construction company's stock valued at $3,904,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in Quanta Services by 3.0% during the third quarter. Metis Global Partners LLC now owns 5,871 shares of the construction company's stock worth $1,750,000 after acquiring an additional 173 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several equities analysts have recently commented on PWR shares. Daiwa America downgraded Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. BMO Capital Markets upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and decreased their price target for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Bank of America began coverage on shares of Quanta Services in a research report on Friday, January 24th. They set a "buy" rating and a $407.00 target price on the stock. Truist Financial cut their price target on Quanta Services from $399.00 to $398.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Stifel Nicolaus lowered their price objective on Quanta Services from $388.00 to $323.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy 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 target price of $326.79.

Quanta Services Price Performance

PWR stock traded up $0.92 during trading on Thursday, reaching $271.32. 1,174,745 shares of the company were exchanged, compared to its average volume of 1,759,473. The company has a market capitalization of $40.21 billion, a price-to-earnings ratio of 45.00, a P/E/G ratio of 1.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The company has a 50-day moving average of $291.03 and a two-hundred day moving average of $304.22. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. As a group, equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.