Bourne Lent Asset Management Inc. Sells 1,310 Shares of Quanta Services, Inc. $PWR

Bourne Lent Asset Management Inc. decreased its position in Quanta Services, Inc. (NYSE:PWR) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,770 shares of the construction company’s stock after selling 1,310 shares during the period. Quanta Services accounts for 4.2% of Bourne Lent Asset Management Inc.’s portfolio, making the stock its 8th largest position. Bourne Lent Asset Management Inc.’s holdings in Quanta Services were worth $11,923,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Quanta Services in the 2nd quarter valued at about $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Quanta Services by 57.2% during 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 worth $917,009,000 after buying an additional 882,209 shares during the last quarter. Bank of America Corp DE lifted its holdings in Quanta Services by 35.6% in the third quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after buying an additional 765,822 shares during the period. Select Equity Group L.P. boosted its stake in Quanta Services by 69.3% in 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 during the last quarter. Finally, Vanguard Group Inc. grew 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. 90.49% of the stock is owned by institutional investors.

Quanta Services Price Performance

Shares of PWR stock opened at $572.02 on Thursday. 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, Inc. has a 12-month low of $227.08 and a 12-month high of $583.73. The firm has a fifty day moving average of $512.41 and a 200-day moving average of $456.91. The firm has a market capitalization of $85.59 billion, a price-to-earnings ratio of 84.12, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10.

Quanta Services (NYSE:PWR) last issued 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 business 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 firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. B. Riley Financial upped their target price on shares of Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Roth Mkm reaffirmed a “buy” rating and set a $600.00 price objective on shares of Quanta Services in a research note on Friday, February 20th. The Goldman Sachs Group upped their price objective on Quanta Services from $495.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Stifel Nicolaus set a $647.00 target price on Quanta Services in a research note on Monday, February 23rd. Finally, DA Davidson boosted their target price on Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.