UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $870.10 Million Holdings in Quanta Services, Inc. $PWR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 3.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,208,405 shares of the construction company’s stock after selling 47,092 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Quanta Services were worth $870,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new stake in Quanta Services during the fourth quarter worth about $817,285,000. Victory Capital Management Inc. increased its holdings in Quanta Services by 35.2% in the 4th quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock valued at $1,230,493,000 after buying an additional 758,862 shares during the period. Corient Private Wealth LLC raised its stake in shares of Quanta Services by 137.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after buying an additional 667,050 shares in the last quarter. Sands Capital Management LLC bought a new position in Quanta Services during the fourth quarter worth about $243,485,000. Finally, Select Equity Group L.P. boosted its holdings in Quanta Services by 69.3% during the second 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 in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PWR. Benchmark cut Quanta Services to a “sell” rating in a report on Friday, July 31st. Guggenheim upgraded Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target on the stock in a research report on Friday, July 31st. Weiss Ratings cut Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Cantor Fitzgerald started coverage on shares of Quanta Services in a research note on Friday, July 31st. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $748.00 target price on shares of Quanta Services in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $769.25.

Quanta Services Trading Down 3.0%

PWR stock opened at $603.18 on Friday. The business has a fifty day moving average price of $661.49 and a 200 day moving average price of $639.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75. The stock has a market capitalization of $90.68 billion, a price-to-earnings ratio of 69.09, a P/E/G ratio of 1.98 and a beta of 1.23.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.93. The firm had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The business’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period last year, the company earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Analysts expect that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services declared that its Board of Directors has initiated a stock repurchase plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the construction company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

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.