Quanta Services, Inc. $PWR is Robeco Schweiz AG’s 4th Largest Position

Robeco Schweiz AG trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 333,217 shares of the construction company’s stock after selling 17,279 shares during the period. Quanta Services makes up about 2.9% of Robeco Schweiz AG’s holdings, making the stock its 4th biggest holding. Robeco Schweiz AG owned 0.22% of Quanta Services worth $125,983,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PWR. Laffer Tengler Investments Inc. grew its stake in Quanta Services by 51.0% during the second quarter. Laffer Tengler Investments Inc. now owns 19,276 shares of the construction company’s stock worth $7,288,000 after buying an additional 6,507 shares during the period. Vise Technologies Inc. purchased a new position in Quanta Services in the second quarter valued at about $1,620,000. Alpha Cubed Investments LLC grew its position in shares of Quanta Services by 20.6% during the second quarter. Alpha Cubed Investments LLC now owns 286,572 shares of the construction company’s stock worth $108,347,000 after buying an additional 48,892 shares in the last quarter. Allworth Financial LP raised its holdings in Quanta Services by 135.2% in the second quarter. Allworth Financial LP now owns 4,399 shares of the construction company’s stock valued at $1,663,000 after acquiring an additional 2,529 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Quanta Services by 13.7% during the 2nd quarter. ProShare Advisors LLC now owns 25,461 shares of the construction company’s stock valued at $9,626,000 after acquiring an additional 3,075 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Bernard Fried sold 4,000 shares of Quanta Services stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the sale, the director directly owned 12,493 shares in the company, valued at $5,649,209.67. The trade was a 24.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald Wayne sold 14,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $443.81, for a total transaction of $6,213,340.00. Following the completion of the transaction, the executive vice president owned 34,575 shares of the company’s stock, valued at $15,344,730.75. This represents a 28.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 32,002 shares of company stock worth $14,295,857. 1.10% of the stock is owned by company insiders.

Quanta Services Stock Up 1.2%

NYSE:PWR opened at $450.23 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average of $415.98 and a 200-day moving average of $383.35. The firm has a market capitalization of $67.14 billion, a PE ratio of 69.70, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $469.43.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $0.09. The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The business’s revenue for the quarter 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. Analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Wednesday, October 1st. Quanta Services’s payout ratio is 5.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Quanta Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. DA Davidson boosted their price objective on Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Stifel Nicolaus set a $495.00 price objective on Quanta Services in a research note on Monday, November 3rd. Mizuho set a $415.00 target price on Quanta Services in a research report on Tuesday, October 28th. Finally, Roth Capital set a $500.00 price target on Quanta Services and gave the company a “buy” rating in a research report on Friday, October 31st. Twelve research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $438.64.

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.