Capital International Sarl Decreases Holdings in Quanta Services, Inc. $PWR

Capital International Sarl cut its position in Quanta Services, Inc. (NYSE:PWR) by 26.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,342 shares of the construction company’s stock after selling 2,235 shares during the quarter. Capital International Sarl’s holdings in Quanta Services were worth $2,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PWR. Norges Bank purchased a new position in Quanta Services in the 2nd quarter valued at approximately $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Quanta Services by 57.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after purchasing an additional 882,209 shares in the last quarter. Select Equity Group L.P. grew its holdings in shares of Quanta Services by 69.3% during the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after buying an additional 416,395 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Quanta Services by 2.2% in the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after buying an additional 386,937 shares during the last quarter. Finally, DAVENPORT & Co LLC acquired a new position in Quanta Services in the 3rd quarter valued at $97,080,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PWR. Robert W. Baird raised their price objective on Quanta Services from $490.00 to $606.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Truist Financial reiterated a “buy” rating and set a $643.00 target price (up from $548.00) on shares of Quanta Services in a research report on Friday, February 20th. JPMorgan Chase & Co. lifted their price target on Quanta Services from $515.00 to $627.00 and gave the company an “overweight” rating in a report on Friday, February 20th. B. Riley Financial upped their price objective on shares of Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Finally, Jefferies Financial Group boosted their price objective on shares of Quanta Services from $506.00 to $634.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $576.55.

Quanta Services Trading Down 0.8%

NYSE PWR opened at $563.76 on Wednesday. The stock has a market cap of $84.35 billion, a P/E ratio of 82.91, a PEG ratio of 2.58 and a beta of 1.10. The company’s fifty day simple moving average is $496.04 and its 200-day simple moving average is $449.54. 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 52 week low of $227.08 and a 52 week high of $576.86.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same period in the previous year, the company earned $2.94 earnings per share. The company’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. Equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal 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.