GW&K Investment Management LLC Has $21.14 Million Holdings in Quanta Services, Inc. $PWR

GW&K Investment Management LLC trimmed its holdings in Quanta Services, Inc. (NYSE:PWR) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,021 shares of the construction company’s stock after selling 4,417 shares during the period. GW&K Investment Management LLC’s holdings in Quanta Services were worth $21,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ boosted its position in shares of Quanta Services by 5.4% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 46,609 shares of the construction company’s stock worth $19,316,000 after acquiring an additional 2,375 shares in the last quarter. Mediolanum International Funds Ltd lifted its stake in Quanta Services by 15.5% during the second quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock worth $12,642,000 after purchasing an additional 4,451 shares during the last quarter. Calamos Advisors LLC boosted its holdings in shares of Quanta Services by 17.1% in the 3rd quarter. Calamos Advisors LLC now owns 105,401 shares of the construction company’s stock valued at $43,680,000 after purchasing an additional 15,388 shares in the last quarter. Chilton Capital Management LLC increased its stake in shares of Quanta Services by 63.3% in the 3rd quarter. Chilton Capital Management LLC now owns 166,536 shares of the construction company’s stock valued at $69,016,000 after purchasing an additional 64,560 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Quanta Services by 59.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 44,392 shares of the construction company’s stock worth $18,397,000 after buying an additional 16,637 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Down 3.4%

PWR opened at $549.09 on Friday. The company’s 50 day moving average price is $488.45 and its two-hundred day moving average price is $444.84. The firm has a market capitalization of $82.15 billion, a price-to-earnings ratio of 80.75, a PEG ratio of 2.59 and a beta of 1.10. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $573.97. 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 (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. Quanta Services’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous 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, research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analysts Set New Price Targets

PWR has been the topic of several research analyst reports. Stifel Nicolaus set a $647.00 price objective on Quanta Services in a research note on Monday, February 23rd. The Goldman Sachs Group raised their price target on shares of Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. UBS Group lifted their price target on shares of Quanta Services from $518.00 to $646.00 and gave the company a “buy” rating in a report on Friday, February 20th. Mizuho increased their price objective on shares of Quanta Services from $424.00 to $537.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Finally, Citigroup boosted their target price on shares of Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $576.55.

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.