Quanta Services, Inc. $PWR Shares Sold by Versant Capital Management Inc

Versant Capital Management Inc trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR) by 90.6% in the third quarter, HoldingsChannel reports. The firm owned 131 shares of the construction company’s stock after selling 1,265 shares during the period. Versant Capital Management Inc’s holdings in Quanta Services were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in PWR. Brighton Jones LLC bought a new position in Quanta Services in the 4th quarter worth approximately $298,000. Woodline Partners LP grew its stake in shares of Quanta Services by 40.7% in the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after purchasing an additional 3,606 shares in the last quarter. CX Institutional increased its holdings in shares of Quanta Services by 10.3% during the second quarter. CX Institutional now owns 811 shares of the construction company’s stock valued at $307,000 after purchasing an additional 76 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Quanta Services by 117.8% during the second quarter. Farther Finance Advisors LLC now owns 3,415 shares of the construction company’s stock valued at $1,291,000 after purchasing an additional 1,847 shares in the last quarter. Finally, Lewis Asset Management LLC acquired a new stake in Quanta Services in the second quarter worth about $231,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

NYSE PWR opened at $466.97 on Tuesday. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $480.93. The business’s fifty day moving average is $441.43 and its two-hundred day moving average is $417.13. The stock has a market capitalization of $69.63 billion, a P/E ratio of 69.18, a P/E/G ratio of 2.26 and a beta of 1.16. 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 (NYSE:PWR) last issued its earnings results 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 company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.72 EPS. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. On average, research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Quanta Services news, Director Bernard Fried sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $452.19, for a total value of $1,808,760.00. Following the completion of the transaction, the director directly owned 12,493 shares in the company, valued at $5,649,209.67. This trade represents a 24.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Worthing Jackman sold 6,349 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $450.45, for a total transaction of $2,859,907.05. Following the sale, the director owned 2,730 shares in the company, valued at $1,229,728.50. This represents a 69.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 32,002 shares of company stock worth $14,295,857. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PWR shares. Truist Financial raised their target price on shares of Quanta Services from $472.00 to $521.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein decreased their price objective on shares of Quanta Services from $432.00 to $428.00 and set a “market perform” rating for the company in a report on Friday, December 19th. Jefferies Financial Group dropped their target price on Quanta Services from $517.00 to $506.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. The Goldman Sachs Group set a $495.00 target price on Quanta Services in a research report on Monday, November 24th. Finally, Weiss Ratings upgraded Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. Fourteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.57.

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.