Cookson Peirce & Co. Inc. Acquires 16,182 Shares of Quanta Services, Inc. $PWR

Cookson Peirce & Co. Inc. boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 177.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 25,326 shares of the construction company’s stock after purchasing an additional 16,182 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Quanta Services were worth $18,236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cedar Mountain Advisors LLC increased its position in shares of Quanta Services by 321.4% during the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after purchasing an additional 45 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in Quanta Services in the second quarter worth $26,000. Boreal Capital Management LLC purchased a new position in Quanta Services during the first quarter worth $27,000. MV Capital Management Inc. bought a new position in Quanta Services during the fourth quarter valued at $30,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Quanta Services by 221.7% in the fourth quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 3.0%

Quanta Services stock opened at $603.18 on Friday. The business has a fifty day moving average of $661.49 and a two-hundred day moving average of $639.21. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The firm has a market cap of $90.68 billion, a P/E ratio of 69.09, a P/E/G ratio of 1.98 and a beta of 1.23. Quanta Services, Inc. has a twelve month low of $363.01 and a twelve month high of $788.75.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion during the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the company posted $2.48 earnings per share. The firm’s revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, analysts forecast that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

Quanta Services declared that its Board of Directors has authorized a share repurchase plan on Friday, May 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Raymond James Financial started coverage on shares of Quanta Services in a research note on Friday, July 31st. They issued an “outperform” rating for the company. The Goldman Sachs Group raised their price target on Quanta Services from $685.00 to $826.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. BTIG Research downgraded Quanta Services to a “hold” rating in a research report on Friday, July 31st. Morgan Stanley lowered Quanta Services to an “underweight” rating in a research note on Monday, August 3rd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $748.00 target price on shares of Quanta Services in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $769.25.

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.