Quanta Services, Inc. $PWR Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lessened its position in Quanta Services, Inc. (NYSE:PWR) by 36.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,928 shares of the construction company’s stock after selling 62,411 shares during the period. Quanta Services makes up 0.8% of Union Bancaire Privee UBP SA’s holdings, making the stock its 29th largest position. Union Bancaire Privee UBP SA’s holdings in Quanta Services were worth $43,543,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PWR. Norges Bank bought a new position in shares of Quanta Services during the 2nd quarter valued at about $675,802,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Quanta Services in the 2nd quarter worth approximately $650,960,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in 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 valued at $917,009,000 after purchasing an additional 882,209 shares during the last quarter. Amundi boosted its stake in shares of Quanta Services by 188.3% during the 1st 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. Finally, Select Equity Group L.P. increased its stake in Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after purchasing an additional 416,395 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Insider Buying and Selling

In other news, EVP Donald Wayne sold 14,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $443.81, for a total value of $6,213,340.00. Following the sale, the executive vice president owned 34,575 shares of the company’s stock, valued at approximately $15,344,730.75. This represents a 28.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 19,960 shares in the company, valued at $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PWR. Wall Street Zen downgraded Quanta Services from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Jefferies Financial Group lifted their target price on Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group set a $495.00 price target on shares of Quanta Services in a research report on Monday, November 24th. Argus set a $540.00 price objective on shares of Quanta Services in a research report on Friday, October 31st. Finally, Mizuho set a $415.00 target price on shares of Quanta Services in a research report on Tuesday, October 28th. Fourteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $449.24.

Quanta Services Trading Up 0.6%

Quanta Services stock opened at $438.51 on Wednesday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $473.99. 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 firm has a market capitalization of $65.39 billion, a PE ratio of 64.96, a PEG ratio of 2.47 and a beta of 1.14. The business’s 50-day simple moving average is $443.87 and its 200-day simple moving average is $405.37.

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, topping the consensus estimate of $3.24 by $0.09. The company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.74%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

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.