Harold Davidson & Associates Inc. Increases Stock Position in Quanta Services, Inc. $PWR

Harold Davidson & Associates Inc. boosted its position in Quanta Services, Inc. (NYSE:PWR) by 84.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,970 shares of the construction company’s stock after acquiring an additional 3,184 shares during the quarter. Quanta Services makes up 1.3% of Harold Davidson & Associates Inc.’s investment portfolio, making the stock its 18th biggest position. Harold Davidson & Associates Inc.’s holdings in Quanta Services were worth $2,889,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC purchased a new stake in Quanta Services during the 4th quarter worth approximately $298,000. Woodline Partners LP raised its holdings in Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after acquiring an additional 3,606 shares in the last quarter. Phoenix Financial Ltd. bought a new position in Quanta Services during the 2nd quarter valued at $2,511,000. Whittier Trust Co. grew its holdings in Quanta Services by 1.4% during the 2nd quarter. Whittier Trust Co. now owns 6,502 shares of the construction company’s stock worth $2,458,000 after acquiring an additional 87 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Quanta Services by 62.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 162 shares of the construction company’s stock worth $61,000 after purchasing an additional 62 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $520.97 on Thursday. The stock has a market cap of $77.69 billion, a price-to-earnings ratio of 77.18, a PEG ratio of 2.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $543.28. The stock’s 50 day moving average price is $460.55 and its 200 day moving average price is $431.77.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group set a $495.00 price target on Quanta Services in a research note on Monday, November 24th. Argus set a $540.00 price objective on shares of Quanta Services in a report on Friday, October 31st. Evercore boosted their target price on shares of Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Mizuho set a $415.00 price target on shares of Quanta Services in a research report on Tuesday, October 28th. Finally, Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $464.15.

Quanta Services 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.