Stifel Financial Corp Has $38.83 Million Holdings in Quanta Services, Inc. (PWR)
Stifel Financial Corp raised its stake in Quanta Services, Inc. (NYSE:PWR) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,038,986 shares of the construction company’s stock after buying an additional 3,732 shares during the quarter. Stifel Financial Corp owned approximately 0.67% of Quanta Services worth $38,832,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of PWR. Mckinley Capital Management LLC Delaware acquired a new position in shares of Quanta Services in the 3rd quarter valued at $111,000. Tower Research Capital LLC TRC lifted its stake in shares of Quanta Services by 182.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,390 shares of the construction company’s stock valued at $112,000 after purchasing an additional 2,190 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Quanta Services by 22.2% in the 2nd quarter. Bessemer Group Inc. now owns 4,628 shares of the construction company’s stock valued at $152,000 after purchasing an additional 840 shares during the last quarter. Commonwealth Bank of Australia acquired a new position in shares of Quanta Services in the 2nd quarter valued at $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Quanta Services by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,748 shares of the construction company’s stock valued at $189,000 after purchasing an additional 708 shares during the last quarter. Institutional investors own 85.97% of the company’s stock.
Quanta Services, Inc. (PWR) traded down $0.51 on Monday, reaching $37.39. The company had a trading volume of 1,965,500 shares, compared to its average volume of 1,561,016. Quanta Services, Inc. has a 1 year low of $30.23 and a 1 year high of $38.82. The company has a current ratio of 1.85, a quick ratio of 1.80 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5,785.01, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 2.64 and a beta of 0.86.
Several equities analysts have recently commented on the company. KeyCorp reaffirmed a “buy” rating and issued a $46.00 price target on shares of Quanta Services in a research note on Wednesday, November 29th. B. Riley upped their price target on Quanta Services from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Robert W. Baird upped their price target on Quanta Services from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Citigroup set a $47.00 price target on Quanta Services and gave the company a “buy” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research lowered Quanta Services from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.64.
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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