Quanta Services, Inc. $PWR is Robeco Schweiz AG’s 6th Largest Position

Robeco Schweiz AG lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 3.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 322,979 shares of the construction company’s stock after selling 10,238 shares during the quarter. Quanta Services makes up about 3.0% of Robeco Schweiz AG’s holdings, making the stock its 6th biggest position. Robeco Schweiz AG’s holdings in Quanta Services were worth $133,849,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Petros Family Wealth LLC increased its position in Quanta Services by 2.2% during the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after acquiring an additional 24 shares during the period. Old Port Advisors lifted its stake in Quanta Services by 0.7% in the second quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock valued at $1,491,000 after acquiring an additional 26 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in Quanta Services by 1.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock worth $851,000 after buying an additional 26 shares during the last quarter. Carr Financial Group Corp increased its holdings in shares of Quanta Services by 1.8% during the 3rd quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock worth $610,000 after acquiring an additional 26 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its holdings in Quanta Services by 2.8% in the 3rd quarter. Kathmere Capital Management LLC now owns 961 shares of the construction company’s stock valued at $398,000 after acquiring an additional 26 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Quanta Services

In related news, Director Worthing Jackman sold 6,349 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total value of $2,859,907.05. Following the sale, the director directly owned 2,730 shares in the company, valued at approximately $1,229,728.50. The trade was a 69.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Donald Wayne sold 14,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $443.81, for a total transaction of $6,213,340.00. Following the completion of the sale, the executive vice president directly owned 34,575 shares of the company’s stock, valued at approximately $15,344,730.75. This trade represents a 28.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,002 shares of company stock worth $14,295,857 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock opened at $443.97 on Wednesday. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $473.99. The stock has a fifty day moving average price of $440.90 and a two-hundred day moving average price of $414.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. The firm has a market capitalization of $66.20 billion, a P/E ratio of 65.77, a P/E/G ratio of 2.10 and a beta of 1.16.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on PWR shares. Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Mizuho set a $415.00 price objective on Quanta Services in a research note on Tuesday, October 28th. Argus set a $540.00 price objective on Quanta Services in a research note on Friday, October 31st. Citigroup increased their price objective on shares of Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Truist Financial upped their price objective on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Fourteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $450.10.

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.