MASTERINVEST Kapitalanlage GmbH Makes New $1.61 Million Investment in Quanta Services, Inc. $PWR

MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,251 shares of the construction company’s stock, valued at approximately $1,607,000.

A number of other large investors also recently modified their holdings of PWR. Freedom Day Solutions LLC purchased a new position in Quanta Services in the second quarter worth $2,465,000. Mediolanum International Funds Ltd increased its position in shares of Quanta Services by 15.5% during the 2nd quarter. Mediolanum International Funds Ltd now owns 33,158 shares of the construction company’s stock valued at $12,642,000 after purchasing an additional 4,451 shares during the last quarter. Choreo LLC raised its stake in shares of Quanta Services by 4.1% during the 2nd quarter. Choreo LLC now owns 7,734 shares of the construction company’s stock worth $2,924,000 after purchasing an additional 303 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Quanta Services by 0.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 606,414 shares of the construction company’s stock worth $229,273,000 after buying an additional 5,670 shares during the last quarter. Finally, Brighton Jones LLC bought a new position in Quanta Services during the fourth quarter valued at about $298,000. 90.49% of the stock is currently owned by institutional investors.

Insider Activity

In other Quanta Services news, insider Gerald A. Ducey, Jr. sold 7,653 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $446.08, for a total value of $3,413,850.24. Following the completion of the transaction, the insider directly owned 19,960 shares of the company’s stock, valued at $8,903,756.80. This trade represents a 27.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Worthing Jackman sold 6,349 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the completion of the transaction, the director directly owned 2,730 shares in the company, valued at approximately $1,229,728.50. The trade was a 69.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,002 shares of company stock valued at $14,295,857 over the last ninety days. 1.10% of the stock is owned by insiders.

Quanta Services Price Performance

Shares of NYSE PWR opened at $437.55 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.30 and a current ratio of 1.34. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $473.99. The stock has a market cap of $65.25 billion, a PE ratio of 64.82, a price-to-earnings-growth ratio of 2.48 and a beta of 1.14. The stock has a fifty day moving average of $443.42 and a 200-day moving average of $404.02.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. The business had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.41 billion. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PWR. The Goldman Sachs Group set a $495.00 price objective on shares of Quanta Services in a research report on Monday, November 24th. Argus set a $540.00 price objective on Quanta Services in a research note on Friday, October 31st. Evercore ISI increased their price objective on Quanta Services from $410.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Quanta Services in a research note on Monday, December 8th. Finally, Jefferies Financial Group increased their price target on Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.24.

Quanta Services Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.