First Eagle Investment Management LLC Sells 968 Shares of Quanta Services, Inc. $PWR

First Eagle Investment Management LLC decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,618 shares of the construction company’s stock after selling 968 shares during the period. First Eagle Investment Management LLC’s holdings in Quanta Services were worth $1,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Rothschild Investment LLC boosted its holdings in shares of Quanta Services by 2.8% during the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock worth $352,000 after buying an additional 23 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Quanta Services by 0.5% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock worth $1,968,000 after acquiring an additional 23 shares in the last quarter. Wealth Alliance LLC boosted its stake in Quanta Services by 1.4% during the third quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock worth $678,000 after acquiring an additional 23 shares in the last quarter. Petros Family Wealth LLC grew its holdings in Quanta Services by 2.2% in the third quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after purchasing an additional 24 shares during the period. Finally, Carr Financial Group Corp increased its stake in Quanta Services by 1.8% in the third quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock valued at $610,000 after purchasing an additional 26 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Down 3.4%

Shares of NYSE:PWR opened at $549.09 on Friday. The business’s 50 day moving average is $488.45 and its 200 day moving average is $444.84. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $573.97. The stock has a market cap of $82.15 billion, a price-to-earnings ratio of 80.75, a PEG ratio of 2.59 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $7.38 billion. During the same period last year, the business earned $2.94 EPS. The business’s revenue was up 19.7% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on PWR shares. Truist Financial restated a “buy” rating and issued a $643.00 target price (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Mizuho raised their price objective on Quanta Services from $424.00 to $537.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Stifel Nicolaus set a $647.00 target price on Quanta Services in a research report on Monday, February 23rd. TD Cowen increased their target price on Quanta Services from $425.00 to $570.00 and gave the stock a “buy” rating in a report on Monday. Finally, Roth Mkm restated a “buy” rating and set a $600.00 price target on shares of Quanta Services in a research note on Friday, February 20th. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $576.55.

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.