Fort Washington Investment Advisors Inc. OH Buys 16,003 Shares of Quanta Services, Inc. $PWR

Fort Washington Investment Advisors Inc. OH grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 2,878.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,559 shares of the construction company’s stock after buying an additional 16,003 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Quanta Services were worth $6,862,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PWR. Copia Wealth Management increased its position in shares of Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after buying an additional 56 shares during the period. Darwin Wealth Management LLC bought a new stake in Quanta Services in the 2nd quarter valued at about $26,000. SOA Wealth Advisors LLC. raised its stake in Quanta Services by 159.3% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after buying an additional 43 shares during the period. Solstein Capital LLC boosted its holdings in Quanta Services by 185.7% in the second quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after acquiring an additional 52 shares in the last quarter. Finally, Ameriflex Group Inc. grew its stake in Quanta Services by 93.0% in the second quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PWR. Jefferies Financial Group increased their target price on Quanta Services from $469.00 to $517.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Robert W. Baird set a $490.00 price target on Quanta Services in a report on Friday, October 31st. JPMorgan Chase & Co. upgraded Quanta Services from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $457.00 to $515.00 in a research note on Monday, December 8th. Roth Capital set a $500.00 target price on Quanta Services and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Stifel Nicolaus set a $495.00 price target on shares of Quanta Services in a report on Monday, November 3rd. Thirteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $450.10.

Insider Activity at Quanta Services

In other news, EVP Donald Wayne sold 14,000 shares of Quanta Services stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $443.81, for a total transaction of $6,213,340.00. Following the completion of the sale, the executive vice president directly owned 34,575 shares of the company’s stock, valued at approximately $15,344,730.75. The trade was a 28.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gerald A. Ducey, Jr. sold 7,653 shares of the 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 in the company, valued at approximately $8,903,756.80. This represents a 27.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 32,002 shares of company stock valued at $14,295,857. 1.10% of the stock is currently owned by insiders.

Quanta Services Stock Performance

Shares of PWR opened at $428.76 on Wednesday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $473.99. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. The company has a market cap of $63.94 billion, a PE ratio of 63.52, a price-to-earnings-growth ratio of 2.44 and a beta of 1.14. The stock has a 50-day moving average price of $442.81 and a 200-day moving average price of $410.52.

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