Crossmark Global Holdings Inc. cut its position in shares of Quanta Services Inc (NYSE:PWR) by 23.5% during the 4th quarter, Holdings Channel reports. The firm owned 32,459 shares of the construction company’s stock after selling 9,980 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Quanta Services were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Quanta Services by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 6,546,374 shares of the construction company’s stock worth $256,029,000 after purchasing an additional 562,296 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Quanta Services by 4.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,910,693 shares of the construction company’s stock worth $183,515,000 after buying an additional 212,294 shares during the period. Jennison Associates LLC boosted its holdings in shares of Quanta Services by 39.9% during the 4th quarter. Jennison Associates LLC now owns 3,389,149 shares of the construction company’s stock worth $132,550,000 after buying an additional 966,316 shares during the period. First Trust Advisors LP boosted its holdings in shares of Quanta Services by 9.2% during the 3rd quarter. First Trust Advisors LP now owns 1,100,571 shares of the construction company’s stock worth $41,128,000 after buying an additional 92,922 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Quanta Services by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 1,038,986 shares of the construction company’s stock worth $38,832,000 after buying an additional 3,732 shares during the period. Institutional investors own 85.66% of the company’s stock.

Shares of Quanta Services Inc (NYSE PWR) opened at $34.43 on Thursday. The company has a quick ratio of 1.80, a current ratio of 1.85 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5,330.00, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.75 and a beta of 0.79. Quanta Services Inc has a twelve month low of $30.23 and a twelve month high of $40.10.

Several analysts recently commented on the stock. B. Riley lifted their target price on shares of Quanta Services from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Quanta Services from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Friday, February 9th. Citigroup lifted their target price on shares of Quanta Services from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Stephens reaffirmed a “buy” rating and set a $49.00 target price on shares of Quanta Services in a report on Wednesday, January 31st. Finally, KeyCorp reaffirmed a “buy” rating and set a $46.00 target price on shares of Quanta Services in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $45.33.

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Quanta Services Company 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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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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