Boston Partners Takes Position in Quanta Services, Inc. $PWR

Boston Partners acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,476 shares of the construction company’s stock, valued at approximately $936,000.

Several other large investors have also recently bought and sold shares of PWR. Kingstone Capital Partners Texas LLC bought a new position in shares of Quanta Services during the second quarter worth $650,960,000. Nuveen LLC acquired a new stake in Quanta Services during the 1st quarter worth $404,288,000. Amundi lifted its holdings in Quanta Services by 188.3% during the first quarter. Amundi now owns 1,206,577 shares of the construction company’s stock worth $304,139,000 after acquiring an additional 788,079 shares in the last quarter. Vanguard Group Inc. grew its stake in Quanta Services by 2.4% in the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company’s stock valued at $4,427,129,000 after acquiring an additional 407,878 shares during the period. Finally, Swedbank AB increased its holdings in shares of Quanta Services by 50.5% in the first quarter. Swedbank AB now owns 1,197,062 shares of the construction company’s stock worth $304,269,000 after acquiring an additional 401,418 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PWR shares. Wall Street Zen cut Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Mizuho set a $415.00 price target on shares of Quanta Services in a research note on Tuesday, October 28th. The Goldman Sachs Group set a $495.00 price target on shares of Quanta Services in a report on Monday, November 24th. Argus set a $540.00 price objective on shares of Quanta Services in a report on Friday, October 31st. Finally, Roth Capital set a $500.00 target price on shares of Quanta Services and gave the stock a “buy” rating in a research note on Friday, October 31st. Thirteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $442.32.

Quanta Services Stock Performance

Shares of PWR opened at $464.88 on Monday. The stock has a market capitalization of $69.32 billion, a price-to-earnings ratio of 71.96, a PEG ratio of 2.66 and a beta of 1.10. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $469.43. The firm has a fifty day simple moving average of $433.50 and a 200 day simple moving average of $395.73. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.24 by $0.09. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the previous year, the firm posted $2.72 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Donald Wayne sold 14,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 34,575 shares of the company’s stock, valued at approximately $15,344,730.75. This represents a 28.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $452.19, for a total value of $1,808,760.00. Following the transaction, the director directly owned 12,493 shares in the company, valued at $5,649,209.67. This trade represents a 24.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 32,002 shares of company stock worth $14,295,857. Insiders own 1.10% of the company’s stock.

Quanta Services Company Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.