9,436 Shares in Quanta Services, Inc. $PWR Purchased by Robbins Farley

Robbins Farley acquired a new stake in Quanta Services, Inc. (NYSE:PWR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,436 shares of the construction company’s stock, valued at approximately $3,910,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Copia Wealth Management boosted its stake in shares of Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after buying an additional 56 shares during the period. SOA Wealth Advisors LLC. lifted its position in Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after acquiring an additional 43 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of Quanta Services in the 2nd quarter valued at approximately $26,000. Solstein Capital LLC increased 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 valued at $30,000 after purchasing an additional 52 shares during the period. Finally, WPG Advisers LLC acquired a new stake in shares of Quanta Services during the first quarter worth $31,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Quanta Services

In other Quanta Services news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $446.08, for a total value of $3,413,850.24. Following the transaction, the insider owned 19,960 shares of the company’s stock, valued at approximately $8,903,756.80. This represents a 27.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Worthing Jackman sold 6,349 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the completion of the transaction, the director owned 2,730 shares in the company, valued at $1,229,728.50. This trade represents a 69.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,002 shares of company stock valued at $14,295,857 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE PWR opened at $433.58 on Thursday. 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 company has a market capitalization of $64.66 billion, a price-to-earnings ratio of 64.23, a P/E/G ratio of 2.47 and a beta of 1.14. The company has a 50 day simple moving average of $443.31 and a two-hundred day simple moving average of $408.00. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $473.99.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 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 company had revenue of $7.63 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the firm posted $2.72 EPS. Quanta Services’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. Analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Quanta Services from a “neutral” rating to an “overweight” rating and raised their target price for the company from $457.00 to $515.00 in a research note on Monday, December 8th. Mizuho set a $415.00 target price on Quanta Services in a research report on Tuesday, October 28th. Robert W. Baird set a $490.00 price objective on shares of Quanta Services in a report on Friday, October 31st. Citigroup lifted their price objective on shares of Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Sanford C. Bernstein reduced their target price on Quanta Services from $432.00 to $428.00 and set a “market perform” rating for the company in a report on Friday, December 19th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $450.10.

Quanta Services 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.