Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Buys Shares of 4,238 Quanta Services, Inc. $PWR

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the third quarter, HoldingsChannel.com reports. The fund bought 4,238 shares of the construction company’s stock, valued at approximately $1,752,000. Quanta Services makes up about 5.0% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s holdings, making the stock its 8th largest holding.

A number of other large investors also recently bought and sold shares of the business. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in Quanta Services in the 3rd quarter valued at $3,361,000. Wilson Asset Management International PTY Ltd. grew its holdings in shares of Quanta Services by 3.5% in the third quarter. Wilson Asset Management International PTY Ltd. now owns 55,331 shares of the construction company’s stock worth $22,930,000 after purchasing an additional 1,875 shares during the last quarter. Breakwater Capital Group increased its stake in Quanta Services by 6.9% in the 3rd quarter. Breakwater Capital Group now owns 726 shares of the construction company’s stock worth $301,000 after buying an additional 47 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Quanta Services in the 3rd quarter valued at about $1,311,000. Finally, Candriam S.C.A. grew its stake in Quanta Services by 8.9% in the 3rd quarter. Candriam S.C.A. now owns 61,361 shares of the construction company’s stock worth $25,429,000 after acquiring an additional 5,003 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Quanta Services from $526.00 to $540.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Cantor Fitzgerald assumed coverage on Quanta Services in a report on Friday, January 23rd. They issued an “overweight” rating and a $520.00 target price for the company. Sanford C. Bernstein decreased their price objective on Quanta Services from $432.00 to $428.00 and set a “market perform” rating for the company in a report on Friday, December 19th. Roth Mkm set a $500.00 price objective on shares of Quanta Services and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Thirteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $462.00.

Quanta Services Stock Performance

PWR stock opened at $507.87 on Monday. The firm has a 50-day simple moving average of $450.86 and a two-hundred day simple moving average of $425.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $508.45. The firm has a market cap of $75.73 billion, a price-to-earnings ratio of 75.24, a PEG ratio of 2.46 and a beta of 1.15.

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.