Candriam Luxembourg S.C.A. Invests $9.48 Million in Quanta Services Inc (PWR) Stock
Candriam Luxembourg S.C.A. acquired a new position in shares of Quanta Services Inc (NYSE:PWR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 242,347 shares of the construction company’s stock, valued at approximately $9,478,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware purchased a new stake in Quanta Services during the 3rd quarter worth about $111,000. Cerebellum GP LLC purchased a new stake in shares of Quanta Services in the 4th quarter valued at about $130,000. Intact Investment Management Inc. purchased a new stake in shares of Quanta Services in the 3rd quarter valued at about $209,000. Maple Capital Management Inc. purchased a new stake in shares of Quanta Services in the 3rd quarter valued at about $213,000. Finally, IFC Holdings Incorporated FL purchased a new stake in shares of Quanta Services in the 3rd quarter valued at about $226,000. 85.66% of the stock is currently owned by institutional investors and hedge funds.
Quanta Services Inc (PWR) opened at $33.72 on Wednesday. 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 company has a market capitalization of $5,260.00, a PE ratio of 18.23, a PEG ratio of 1.72 and a beta of 0.79. Quanta Services Inc has a 1 year low of $30.23 and a 1 year high of $40.10.
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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