Quanta Services, Inc. $PWR Holdings Raised by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 3.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 107,884 shares of the construction company’s stock after acquiring an additional 3,622 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Quanta Services were worth $44,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PWR. Brighton Jones LLC acquired a new position in shares of Quanta Services during the fourth quarter valued at approximately $298,000. Woodline Partners LP boosted its stake in Quanta Services by 40.7% during the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after purchasing an additional 3,606 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Quanta Services by 117.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,415 shares of the construction company’s stock valued at $1,291,000 after purchasing an additional 1,847 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Quanta Services by 6.6% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 5,082 shares of the construction company’s stock worth $1,921,000 after buying an additional 315 shares in the last quarter. Finally, BNC Wealth Management LLC lifted its holdings in shares of Quanta Services by 19.3% in the second quarter. BNC Wealth Management LLC now owns 16,669 shares of the construction company’s stock valued at $6,302,000 after buying an additional 2,691 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Jefferies Financial Group dropped their price target on shares of Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Evercore ISI lifted their price objective on shares of Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. The Goldman Sachs Group set a $495.00 target price on shares of Quanta Services in a research note on Monday, November 24th. Argus set a $540.00 price target on shares of Quanta Services in a research report on Friday, October 31st. Finally, Truist Financial increased their price objective on Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $454.55.

Quanta Services Stock Up 1.9%

PWR stock opened at $472.32 on Thursday. 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 $70.43 billion, a P/E ratio of 69.97, a P/E/G ratio of 2.25 and a beta of 1.16. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $480.93. The company’s 50 day simple moving average is $442.17 and its 200-day simple moving average is $418.05.

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

Insiders Place Their Bets

In other Quanta Services news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $8,903,756.80. This trade represents a 27.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Donald Wayne sold 14,000 shares of the company’s stock in a transaction dated 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 owned 34,575 shares in the company, valued at $15,344,730.75. This represents a 28.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 32,002 shares of company stock worth $14,295,857. 1.10% of the stock is owned by corporate insiders.

About Quanta Services

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.