Impax Asset Management Group plc Invests $1.10 Million in Quanta Services, Inc. $PWR

Impax Asset Management Group plc purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,664 shares of the construction company’s stock, valued at approximately $1,104,000.

A number of other large investors have also added to or reduced their stakes in PWR. Petros Family Wealth LLC grew its holdings in shares of Quanta Services by 2.2% in the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock valued at $456,000 after purchasing an additional 24 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Quanta Services by 1.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock valued at $851,000 after purchasing an additional 26 shares during the last quarter. Carr Financial Group Corp grew its stake in shares of Quanta Services by 1.8% in the 3rd quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock worth $610,000 after buying an additional 26 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of 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 buying an additional 26 shares during the last quarter. Finally, Westside Investment Management Inc. raised its position in shares of Quanta Services by 9.8% during the 3rd quarter. Westside Investment Management Inc. now owns 292 shares of the construction company’s stock valued at $122,000 after buying an additional 26 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Up 2.5%

NYSE:PWR opened at $523.53 on Thursday. The company has a market cap of $78.07 billion, a price-to-earnings ratio of 77.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $534.50. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $454.54 and a 200-day simple moving average of $427.75.

Analysts Set New Price Targets

PWR has been the subject of several recent research reports. Sanford C. Bernstein dropped their price target on 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. Jefferies Financial Group dropped their target price on Quanta Services from $517.00 to $506.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Cantor Fitzgerald assumed coverage on Quanta Services in a report on Friday, January 23rd. They set an “overweight” rating and a $520.00 price target on the stock. The Goldman Sachs Group set a $495.00 price target on Quanta Services in a research report on Monday, November 24th. Finally, Robert W. Baird set a $490.00 target price on shares of Quanta Services in a research note on Friday, October 31st. Thirteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $462.00.

Quanta Services Company 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.