Bank of Montreal Can Acquires 38,885 Shares of Quanta Services, Inc. $PWR

Bank of Montreal Can boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 15.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,704 shares of the construction company’s stock after buying an additional 38,885 shares during the period. Bank of Montreal Can owned approximately 0.19% of Quanta Services worth $120,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PWR. 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 boosted its position in shares of Quanta Services by 57.2% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after acquiring an additional 882,209 shares during the period. Select Equity Group L.P. grew its stake 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 acquiring an additional 416,395 shares in the last quarter. Vanguard Group Inc. increased its holdings in Quanta Services by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock worth $7,519,079,000 after acquiring an additional 386,937 shares during the period. Finally, DAVENPORT & Co LLC purchased a new stake in Quanta Services in the 3rd quarter worth approximately $97,080,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

NYSE PWR opened at $568.05 on Thursday. The company has a 50-day simple moving average of $498.97 and a two-hundred day simple moving average of $450.37. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $576.86. The firm has a market cap of $84.99 billion, a price-to-earnings ratio of 83.54, a PEG ratio of 2.57 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 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 the consensus estimate of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company’s quarterly revenue was up 19.7% on a year-over-year basis. 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. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Mizuho increased their price objective on Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Roth Mkm reissued a “buy” rating and set a $600.00 price objective on shares of Quanta Services in a research note on Friday, February 20th. Sanford C. Bernstein boosted their target price on Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

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.