Gilder Gagnon Howe & Co. LLC Sells 16,318 Shares of Quanta Services, Inc. $PWR

Gilder Gagnon Howe & Co. LLC reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 400,260 shares of the construction company’s stock after selling 16,318 shares during the period. Quanta Services makes up approximately 1.6% of Gilder Gagnon Howe & Co. LLC’s portfolio, making the stock its 14th largest position. Gilder Gagnon Howe & Co. LLC’s holdings in Quanta Services were worth $151,330,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PWR. Vanguard Group Inc. grew its position in Quanta Services by 1.9% in the second quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company’s stock valued at $6,713,446,000 after purchasing an additional 339,383 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Quanta Services by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock valued at $2,579,259,000 after acquiring an additional 49,334 shares during the last quarter. State Street Corp raised its holdings in Quanta Services by 0.4% during the second quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock worth $2,271,235,000 after acquiring an additional 24,669 shares in the last quarter. Geode Capital Management LLC boosted its position in Quanta Services by 4.1% during the second quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company’s stock valued at $1,458,362,000 after purchasing an additional 152,823 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after purchasing an additional 882,209 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Insider Transactions at Quanta Services

In related news, insider Gerald A. Ducey, Jr. sold 7,653 shares of Quanta Services stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the completion of the sale, the insider directly owned 19,960 shares of the company’s stock, valued at approximately $8,903,756.80. This trade represents a 27.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Donald Wayne sold 14,000 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $443.81, for a total value of $6,213,340.00. Following the completion of the transaction, the executive vice president directly owned 34,575 shares in the company, valued at approximately $15,344,730.75. This represents a 28.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,002 shares of company stock worth $14,295,857 in the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of analyst reports. Stifel Nicolaus set a $495.00 price objective on Quanta Services in a research note on Monday, November 3rd. Roth Capital set a $500.00 price target on shares of Quanta Services and gave the stock 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 note on Monday, November 24th. Jefferies Financial Group boosted their price objective on shares of Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Evercore ISI raised 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. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $449.24.

Quanta Services Stock Performance

NYSE PWR opened at $437.55 on Friday. The stock has a market cap of $65.25 billion, a PE ratio of 64.82, a P/E/G ratio of 2.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. The firm has a 50-day moving average of $443.42 and a 200-day moving average of $403.15. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $473.99.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.41 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. Quanta Services’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.