Axa S.A. Sells 9,548 Shares of Quanta Services, Inc. $PWR

Axa S.A. lessened its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 83,968 shares of the construction company’s stock after selling 9,548 shares during the period. Axa S.A. owned approximately 0.06% of Quanta Services worth $31,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PWR. Copia Wealth Management boosted its stake in shares of Quanta Services by 509.1% during the 2nd quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after purchasing an additional 56 shares during the period. SOA Wealth Advisors LLC. grew its stake in shares of Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock valued at $26,000 after buying an additional 43 shares during the last quarter. Solstein Capital LLC raised its holdings in shares of Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after buying an additional 52 shares during the period. WPG Advisers LLC bought a new stake in shares of Quanta Services during the 1st quarter worth approximately $31,000. Finally, Ameriflex Group Inc. boosted its holdings in Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PWR. Citigroup lifted their target price on Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Robert W. Baird set a $490.00 price objective on shares of Quanta Services in a report on Friday, October 31st. Wall Street Zen downgraded shares of Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Jefferies Financial Group lifted their price target on shares of Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Argus set a $540.00 price objective on Quanta Services in a report on Friday, October 31st. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $449.24.

Quanta Services Trading Down 1.0%

Quanta Services stock opened at $458.29 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. The stock has a market cap of $68.34 billion, a PE ratio of 67.89, a price-to-earnings-growth ratio of 2.63 and a beta of 1.14. The stock has a 50-day moving average of $441.36 and a two-hundred day moving average of $401.56. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $473.99.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the company posted $2.72 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Insider Transactions at Quanta Services

In other Quanta Services news, Director Worthing Jackman sold 6,349 shares of Quanta Services stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the completion of the sale, the director directly owned 2,730 shares in the company, valued at approximately $1,229,728.50. The trade was a 69.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the stock in a transaction on 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 owned 19,960 shares in the company, valued at $8,903,756.80. The trade was a 27.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,002 shares of company stock worth $14,295,857 in the last 90 days. 1.10% of the stock is owned by company insiders.

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.