Lionsbridge Wealth Management LLC Has $2.28 Million Position in Quanta Services, Inc. $PWR

Key Points

• Lionsbridge Wealth Management LLC reduced its holdings in Quanta Services by 17.5%, now holding 8,966 shares valued at $2.28 million, making it the firm's 15th largest position.
• Quanta Services reported $2.48 earnings per share for the last quarter, exceeding estimates, with revenues reaching $6.77 billion, a 21.1% increase year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Quanta Services, with target prices ranging from $370.00 to $474.00 from different brokerages.

Lionsbridge Wealth Management LLC lowered its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 17.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,966 shares of the construction company's stock after selling 1,900 shares during the quarter. Quanta Services comprises about 2.0% of Lionsbridge Wealth Management LLC's investment portfolio, making the stock its 15th largest position. Lionsbridge Wealth Management LLC's holdings in Quanta Services were worth $2,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PWR. Banque Transatlantique SA acquired a new position in shares of Quanta Services during the fourth quarter valued at $25,000. Quarry LP acquired a new position in shares of Quanta Services during the fourth quarter valued at $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Quanta Services during the first quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new position in shares of Quanta Services during the first quarter valued at $40,000. Finally, OLD Second National Bank of Aurora acquired a new position in shares of Quanta Services during the first quarter valued at $42,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Down 1.0%

Shares of Quanta Services stock opened at $375.54 on Thursday. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $424.94. The business has a 50-day moving average of $384.41 and a two-hundred day moving average of $324.00. The company has a market capitalization of $55.96 billion, a P/E ratio of 58.13, a price-to-earnings-growth ratio of 2.26 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.37 and a quick ratio of 1.32.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%.The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the prior year, the company earned $1.90 earnings per share. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. As a group, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PWR. Stifel Nicolaus upped their price target on Quanta Services from $411.00 to $432.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Piper Sandler reissued an "overweight" rating and issued a $370.00 target price (up previously from $360.00) on shares of Quanta Services in a research note on Tuesday, May 27th. B. Riley increased their target price on Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. UBS Group increased their target price on Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, BMO Capital Markets lowered Quanta Services from an "outperform" rating to a "market perform" rating and increased their target price for the company from $352.00 to $400.00 in a research note on Thursday, July 17th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Quanta Services has a consensus rating of "Moderate Buy" and an average target price of $392.45.

Quanta Services Company 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.

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