Quantitative Investment Management LLC Makes New Investment in Quanta Services, Inc. $PWR

Key Points

• Quantitative Investment Management LLC acquired 22,299 shares of Quanta Services, Inc. valued at approximately $5.67 million in Q1, indicating growing institutional interest in the company.
• Several analysts have set optimistic price targets for Quanta Services, with UBS Group boosting their target to $474.00 and Argus setting a target of $375.00, amid a mixed rating outlook.
• Quanta Services reported a quarterly revenue of $6.77 billion with a net margin of 3.73% and earnings per share that topped estimates, highlighting a strong performance compared to the previous year.

Quantitative Investment Management LLC acquired a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,299 shares of the construction company's stock, valued at approximately $5,667,000.

Several other institutional investors have also bought and sold shares of PWR. Banque Transatlantique SA acquired a new stake in Quanta Services in the 4th quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in Quanta Services in the 1st quarter valued at $25,000. Quarry LP acquired a new stake in Quanta Services in the 4th quarter valued at $26,000. AlphaQuest LLC acquired a new stake in Quanta Services in the 1st quarter valued at $35,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Quanta Services in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Argus set a $375.00 price target on Quanta Services in a research note on Monday, May 5th. BMO Capital Markets lowered Quanta Services from an "outperform" rating to a "market perform" rating and boosted their price target for the company from $352.00 to $400.00 in a research note on Thursday, July 17th. UBS Group boosted their price target on Quanta Services from $413.00 to $474.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Northland Securities lowered Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price objective on the stock. in a research note on Wednesday, July 2nd. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $414.00 price objective (up previously from $364.00) on shares of Quanta Services in a research note on Wednesday, June 4th. Thirteen investment 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, Quanta Services has an average rating of "Moderate Buy" and a consensus target price of $392.45.

Quanta Services Price Performance

Quanta Services stock opened at $379.58 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The firm has a market cap of $56.56 billion, a P/E ratio of 58.76, a P/E/G ratio of 2.26 and a beta of 1.10. The business's fifty day moving average is $385.24 and its two-hundred day moving average is $325.26. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $424.94.

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

About Quanta Services

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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