Quanta Services, Inc. (NYSE:PWR) Shares Purchased by BNP Paribas Arbitrage SNC

BNP Paribas Arbitrage SNC grew its position in shares of Quanta Services, Inc. (NYSE:PWR – Get Rating) by 35.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,728 shares of the construction company’s stock after acquiring an additional 35,048 shares during the quarter. BNP Paribas Arbitrage SNC’s holdings in Quanta Services were worth $17,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PWR. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Quanta Services during the second quarter worth about $96,018,000. State Street Corp increased its stake in Quanta Services by 13.0% during the second quarter. State Street Corp now owns 5,376,754 shares of the construction company’s stock worth $674,294,000 after acquiring an additional 618,725 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Quanta Services by 119.5% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,063,609 shares of the construction company’s stock worth $133,313,000 after acquiring an additional 579,159 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in Quanta Services during the second quarter worth about $64,330,000. Finally, Royal Bank of Canada increased its stake in Quanta Services by 52.2% during the first quarter. Royal Bank of Canada now owns 1,492,323 shares of the construction company’s stock worth $196,405,000 after acquiring an additional 511,508 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, EVP Donald Wayne sold 14,476 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $162.89, for a total transaction of $2,357,995.64. Following the sale, the executive vice president now owns 49,647 shares in the company, valued at $8,086,999.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PWR. Citigroup upped their price target on Quanta Services from $161.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, December 9th. Cowen upped their target price on Quanta Services from $155.00 to $165.00 in a research report on Tuesday, December 27th. UBS Group upped their target price on Quanta Services to $170.00 in a research report on Monday, November 21st. DA Davidson upped their target price on Quanta Services from $140.00 to $160.00 in a research report on Friday, February 24th. Finally, Argus upped their target price on Quanta Services from $168.00 to $189.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.25.

Quanta Services Trading Up 2.5 %

Shares of PWR opened at $159.74 on Wednesday. The company has a market capitalization of $23.00 billion, a P/E ratio of 48.11 and a beta of 1.08. Quanta Services, Inc. has a one year low of $106.33 and a one year high of $168.75. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.59 and a current ratio of 1.63. The stock has a 50-day moving average price of $152.13 and a 200 day moving average price of $144.88.

About Quanta Services

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Quanta Services, Inc is engaged in the provision of specialty contracting services, offering infrastructure solutions to the electric power, oil and gas, and communication industries. It is operated through the following segments: Electric Power Infrastructure Services, and Underground Utility & Infrastructure Solutions.