Vestmark Advisory Solutions Inc. Sells 4,916 Shares of Quanta Services, Inc. $PWR

Vestmark Advisory Solutions Inc. trimmed its position in Quanta Services, Inc. (NYSE:PWR) by 60.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,177 shares of the construction company’s stock after selling 4,916 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Quanta Services were worth $1,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PWR. Darwin Wealth Management LLC purchased a new position in Quanta Services in the second quarter worth about $26,000. Activest Wealth Management boosted its position in shares of Quanta Services by 94.1% during the third quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock valued at $27,000 after buying an additional 32 shares during the period. Cornerstone Planning Group LLC increased its stake in Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after purchasing an additional 49 shares during the period. Legacy Investment Solutions LLC bought a new stake in Quanta Services during the 2nd quarter valued at about $37,000. Finally, NewSquare Capital LLC increased its position in shares of Quanta Services by 320.8% during the second quarter. NewSquare Capital LLC now owns 101 shares of the construction company’s stock worth $38,000 after acquiring an additional 77 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on PWR shares. Stifel Nicolaus set a $647.00 target price on shares of Quanta Services in a report on Monday. Sanford C. Bernstein lifted their price target on Quanta Services from $428.00 to $471.00 and gave the company a “market perform” rating in a report on Monday, February 9th. Jefferies Financial Group upped their price objective on Quanta Services from $506.00 to $634.00 and gave the stock a “buy” rating in a research note on Tuesday. Mizuho increased their price target on shares of Quanta Services from $424.00 to $537.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Robert W. Baird lifted their price objective on shares of Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $562.95.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $563.05 on Thursday. The company’s 50 day moving average is $472.44 and its 200 day moving average is $437.67. The company has a market cap of $84.24 billion, a PE ratio of 82.80, a price-to-earnings-growth ratio of 2.61 and a beta of 1.15. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $573.94.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. The company had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.Quanta Services’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. On average, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current 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.