1,954 Shares in Quanta Services, Inc. $PWR Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,954 shares of the construction company’s stock, valued at approximately $810,000.

Several other institutional investors have also modified their holdings of PWR. Trustmark Bank Trust Department boosted its holdings in shares of Quanta Services by 24.4% in the 3rd quarter. Trustmark Bank Trust Department now owns 878 shares of the construction company’s stock worth $364,000 after purchasing an additional 172 shares during the period. Sunpointe LLC bought a new position in shares of Quanta Services during the 3rd quarter valued at approximately $518,000. Aptus Capital Advisors LLC raised its holdings in Quanta Services by 2.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 55,398 shares of the construction company’s stock valued at $22,958,000 after buying an additional 1,458 shares during the period. Barclays PLC lifted its position in Quanta Services by 5.1% in the third quarter. Barclays PLC now owns 316,892 shares of the construction company’s stock worth $131,326,000 after buying an additional 15,473 shares during the last quarter. Finally, Smith Moore & CO. boosted its stake in Quanta Services by 6.4% during the third quarter. Smith Moore & CO. now owns 718 shares of the construction company’s stock worth $298,000 after buying an additional 43 shares during the period. 90.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on PWR shares. Robert W. Baird boosted their price objective on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. The Goldman Sachs Group raised their target price on shares of Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. lifted their price target on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Bank of America increased their price objective on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, DA Davidson raised their price objective on shares of Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $576.55.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $540.58 on Friday. The firm’s 50 day simple moving average is $490.60 and its 200-day simple moving average is $446.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $573.97. The firm has a market cap of $80.88 billion, a PE ratio of 79.50, a price-to-earnings-growth ratio of 2.46 and a beta of 1.10.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The company had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. During the same period in the prior year, the firm earned $2.94 earnings per share. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services 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.