Quanta Services, Inc. $PWR Holdings Lowered by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its position in Quanta Services, Inc. (NYSE:PWR) by 38.8% in the third quarter, HoldingsChannel.com reports. The firm owned 3,327 shares of the construction company’s stock after selling 2,111 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Quanta Services were worth $1,379,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PWR. Activest Wealth Management increased its stake in Quanta Services by 94.1% in the third 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. Copia Wealth Management raised its holdings in shares of Quanta Services by 509.1% in the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock valued at $25,000 after buying an additional 56 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Quanta Services during the second quarter worth approximately $26,000. Cornerstone Planning Group LLC increased its stake in shares of Quanta Services by 213.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock valued at $30,000 after buying an additional 49 shares during the period. Finally, Solstein Capital LLC increased its position in Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

PWR has been the subject of several analyst reports. Robert W. Baird set a $490.00 target price on Quanta Services in a research report on Friday, October 31st. JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $457.00 to $515.00 in a research report on Monday, December 8th. Roth Mkm set a $500.00 target price on Quanta Services and gave the company a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group set a $495.00 price target on shares of Quanta Services in a research report on Monday, November 24th. Finally, Evercore increased their price objective on Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $462.00.

Quanta Services Price Performance

Shares of PWR opened at $507.87 on Friday. The business has a 50-day simple moving average of $450.86 and a two-hundred day simple moving average of $425.33. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $508.45. The stock has a market cap of $75.73 billion, a PE ratio of 75.24, a PEG ratio of 2.31 and a beta of 1.15. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66.

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.