Navellier & Associates Inc. Has $31.40 Million Position in Quanta Services, Inc. $PWR

Navellier & Associates Inc. reduced its position in shares of Quanta Services, Inc. (NYSE:PWRFree Report) by 5.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,608 shares of the construction company’s stock after selling 2,758 shares during the period. Quanta Services accounts for approximately 2.5% of Navellier & Associates Inc.’s portfolio, making the stock its 8th largest position. Navellier & Associates Inc.’s holdings in Quanta Services were worth $31,400,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PWR. Boreal Capital Management LLC bought a new stake in shares of Quanta Services in the 1st quarter worth approximately $27,000. Cedar Mountain Advisors LLC increased its stake in shares of Quanta Services by 321.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after buying an additional 45 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Quanta Services during the second quarter valued at approximately $26,000. MV Capital Management Inc. purchased a new stake in Quanta Services in the fourth quarter worth $30,000. Finally, Brown Lisle Cummings Inc. lifted its stake in Quanta Services by 825.0% in the first quarter. Brown Lisle Cummings Inc. now owns 74 shares of the construction company’s stock worth $41,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 3.0%

Shares of NYSE PWR opened at $603.18 on Friday. Quanta Services, Inc. has a 1 year low of $363.01 and a 1 year high of $788.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The firm has a 50-day moving average of $661.49 and a 200 day moving average of $639.21. The stock has a market cap of $90.68 billion, a P/E ratio of 69.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.23.

Quanta Services (NYSE:PWRGet Free Report) last posted its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.93. The company had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. As a group, sell-side analysts expect that Quanta Services, Inc. will post 15.35 EPS for the current fiscal year.

Quanta Services announced that its board has approved a stock repurchase plan on Friday, May 22nd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PWR. The Goldman Sachs Group boosted their price objective on shares of Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $833.00 target price on shares of Quanta Services in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft cut shares of Quanta Services to a “sell” rating in a research report on Friday, July 31st. Guggenheim raised shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target for the company in a research note on Friday, July 31st. Finally, Citigroup raised their price objective on shares of Quanta Services from $837.00 to $871.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $769.25.

Get Our Latest Analysis on Quanta Services

Quanta Services Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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