Cookson Peirce & Co. Inc. increased its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 177.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 25,326 shares of the construction company's stock after buying an additional 16,182 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Quanta Services were worth $18,236,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Cedar Mountain Advisors LLC grew its stake in shares of Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company's stock worth $25,000 after acquiring an additional 45 shares during the period. Darwin Wealth Management LLC purchased a new stake in Quanta Services in the second quarter worth approximately $26,000. Boreal Capital Management LLC bought a new stake in Quanta Services in the 1st quarter worth approximately $27,000. MV Capital Management Inc. purchased a new stake in Quanta Services during the 4th quarter valued at $30,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Quanta Services by 221.7% during the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company's stock valued at $31,000 after buying an additional 51 shares during the period. Institutional investors own 90.49% of the company's stock.
Quanta Services Trading Down 3.0%
Shares of PWR opened at $603.18 on Friday. The firm has a market cap of $90.68 billion, a P/E ratio of 69.09, a price-to-earnings-growth ratio of 1.98 and a beta of 1.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. Quanta Services, Inc. has a 1 year low of $363.01 and a 1 year high of $788.75. The company has a 50 day simple moving average of $661.49 and a two-hundred day simple moving average of $639.21.
Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 EPS for the quarter, topping the consensus estimate of $3.31 by $0.93. The business had revenue of $9.56 billion for the quarter, compared to analysts' expectations of $8.61 billion. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business's quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.48 EPS. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.
Quanta Services declared that its board has authorized a share repurchase plan on Friday, May 22nd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.
Analyst Ratings Changes
A number of research firms recently commented on PWR. CICC Research assumed coverage on Quanta Services in a research report on Thursday, May 21st. They set an "outperform" rating and a $872.00 price objective for the company. Morgan Stanley downgraded Quanta Services to an "underweight" rating in a research note on Monday, August 3rd. Raymond James Financial assumed coverage on shares of Quanta Services in a research note on Friday, July 31st. They issued an "outperform" rating on the stock. Oppenheimer upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and set a $800.00 target price for the company in a research report on Thursday, May 28th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $748.00 target price on shares of Quanta Services in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $769.25.
View Our Latest Stock Report 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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