Hager Investment Management Services LLC Sells 1,093 Shares of Quanta Services, Inc. $PWR

Hager Investment Management Services LLC reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 17.1% in the third quarter, Holdings Channel.com reports. The fund owned 5,293 shares of the construction company’s stock after selling 1,093 shares during the period. Hager Investment Management Services LLC’s holdings in Quanta Services were worth $2,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Quanta Services during the second quarter valued at about $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Quanta Services by 57.2% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock worth $917,009,000 after acquiring an additional 882,209 shares during the period. Select Equity Group L.P. boosted its holdings in Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock valued at $384,554,000 after purchasing an additional 416,395 shares during the period. Vanguard Group Inc. increased its holdings in shares of Quanta Services by 2.2% in the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock worth $7,519,079,000 after purchasing an additional 386,937 shares during the period. Finally, DAVENPORT & Co LLC bought a new stake in Quanta Services during the third quarter valued at $97,080,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR opened at $563.05 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $573.94. The stock’s 50 day simple moving average is $472.44 and its 200 day simple moving average is $437.67. The firm has a market cap of $84.24 billion, a price-to-earnings ratio of 82.80, a PEG ratio of 2.61 and a beta of 1.15.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.14. The firm had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The business’s revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business earned $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group raised their price target on Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a report on Friday, February 20th. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Stifel Nicolaus set a $647.00 price target on shares of Quanta Services in a report on Monday. B. Riley Financial upped their target price on shares of Quanta Services from $450.00 to $565.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Truist Financial reaffirmed a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $562.95.

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.