Quanta Services, Inc. $PWR Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,208,405 shares of the construction company’s stock after selling 47,092 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.80% of Quanta Services worth $870,100,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Quanta Services by 2.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after buying an additional 13 shares during the period. Pincus Capital Management LP lifted its holdings in Quanta Services by 0.4% in the first quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after acquiring an additional 15 shares during the last quarter. SouthState Bank Corp lifted its holdings in Quanta Services by 23.5% in the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock worth $46,000 after acquiring an additional 16 shares during the last quarter. Lewis Asset Management LLC boosted its stake in Quanta Services by 2.5% in the first quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock valued at $380,000 after acquiring an additional 17 shares during the period. Finally, Stiles Financial Services Inc grew its holdings in shares of Quanta Services by 1.8% during the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after purchasing an additional 17 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $603.18 on Friday. Quanta Services, Inc. has a 12-month low of $363.01 and a 12-month high of $788.75. The company has a market cap of $90.68 billion, a P/E ratio of 69.09, a price-to-earnings-growth ratio of 1.98 and a beta of 1.23. 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 company’s fifty day moving average is $661.49 and its two-hundred day moving average is $639.21.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $8.61 billion. During the same period last year, the company posted $2.48 earnings per share. The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

Quanta Services announced that its board has initiated a stock repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of Quanta Services from $775.00 to $785.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Truist Financial restated a “buy” rating and issued a $976.00 price target (up from $940.00) on shares of Quanta Services in a research note on Monday, August 3rd. CICC Research assumed coverage on Quanta Services in a report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price target on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $748.00 price objective on shares of Quanta Services in a report on Friday, July 31st. Finally, Robert W. Baird set a $728.00 target price on Quanta Services in a research report on Friday, July 31st. One equities research 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 given a Sell rating to the stock. According to MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $769.25.

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.