Radnor Capital Management LLC Sells 1,760 Shares of Quanta Services, Inc. $PWR

Radnor Capital Management LLC reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 23.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,865 shares of the construction company’s stock after selling 1,760 shares during the period. Radnor Capital Management LLC’s holdings in Quanta Services were worth $2,431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Quanta Services by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 17,756,682 shares of the construction company’s stock worth $6,713,446,000 after purchasing an additional 339,383 shares during the period. JPMorgan Chase & Co. grew its position in shares of Quanta Services by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,821,962 shares of the construction company’s stock worth $2,579,259,000 after buying an additional 49,334 shares in the last quarter. State Street Corp increased its stake in shares of Quanta Services by 0.4% during the second quarter. State Street Corp now owns 6,007,287 shares of the construction company’s stock valued at $2,271,235,000 after buying an additional 24,669 shares during the period. Geode Capital Management LLC raised its holdings in shares of Quanta Services by 4.1% in the second quarter. Geode Capital Management LLC now owns 3,873,293 shares of the construction company’s stock valued at $1,458,362,000 after acquiring an additional 152,823 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in 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 worth $917,009,000 after acquiring an additional 882,209 shares during the period. Institutional investors own 90.49% of the company’s stock.

Insider Activity at Quanta Services

In related news, Director Bernard Fried sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $452.19, for a total value of $1,808,760.00. Following the sale, the director owned 12,493 shares in the company, valued at $5,649,209.67. This represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Worthing Jackman sold 6,349 shares of the company’s stock in a transaction 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 $1,229,728.50. This trade represents a 69.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 32,002 shares of company stock valued at $14,295,857 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

PWR has been the topic of a number of research reports. Robert W. Baird set a $490.00 target price on shares of Quanta Services in a research report on Friday, October 31st. Citigroup boosted 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. Mizuho set a $415.00 target price on Quanta Services in a research report on Tuesday, October 28th. The Goldman Sachs Group set a $495.00 price target on Quanta Services in a research report on Monday, November 24th. Finally, Jefferies Financial Group raised their price objective on Quanta Services from $469.00 to $517.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Thirteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $450.10.

Quanta Services Stock Up 4.2%

Quanta Services stock opened at $439.72 on Friday. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $473.99. The business has a fifty day moving average price of $442.85 and a 200-day moving average price of $411.58. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.30. The stock has a market capitalization of $65.57 billion, a price-to-earnings ratio of 65.14, a PEG ratio of 2.14 and a beta of 1.16.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same period last year, the business posted $2.72 earnings per share. The firm’s revenue 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. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

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.