Robeco Institutional Asset Management B.V. Has $39.24 Million Position in Quanta Services, Inc. $PWR

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 5.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,689 shares of the construction company’s stock after selling 5,584 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.06% of Quanta Services worth $39,241,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PWR. Copia Wealth Management increased its stake in shares of Quanta Services by 509.1% during the second quarter. Copia Wealth Management now owns 67 shares of the construction company’s stock worth $25,000 after purchasing an additional 56 shares during the period. Darwin Wealth Management LLC bought a new position in Quanta Services during the 2nd quarter worth $26,000. SOA Wealth Advisors LLC. increased its position in Quanta Services by 159.3% during the second quarter. SOA Wealth Advisors LLC. now owns 70 shares of the construction company’s stock worth $26,000 after acquiring an additional 43 shares during the period. Solstein Capital LLC raised its stake in Quanta Services by 185.7% in the 2nd quarter. Solstein Capital LLC now owns 80 shares of the construction company’s stock worth $30,000 after purchasing an additional 52 shares in the last quarter. Finally, Ameriflex Group Inc. increased its stake in Quanta Services by 93.0% during the 2nd quarter. Ameriflex Group Inc. now owns 83 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares during the period. 90.49% of the stock is owned by institutional investors.

Quanta Services Price Performance

Shares of PWR opened at $437.40 on Thursday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $473.99. The stock has a market cap of $65.23 billion, a P/E ratio of 64.80, a P/E/G ratio of 2.13 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average is $442.48 and its 200 day moving average is $413.19.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $0.09. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The firm had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the previous year, the company posted $2.72 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Quanta Services has set its FY 2025 guidance at 10.330-10.830 EPS. Sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Insider Transactions at Quanta Services

In other Quanta Services news, EVP Donald Wayne sold 14,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $443.81, for a total transaction of $6,213,340.00. Following the completion of the transaction, the executive vice president owned 34,575 shares in the company, valued at $15,344,730.75. This trade represents a 28.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bernard Fried sold 4,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $452.19, for a total transaction of $1,808,760.00. Following the sale, the director directly owned 12,493 shares in the company, valued at $5,649,209.67. The trade was a 24.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,002 shares of company stock worth $14,295,857 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of Quanta Services from $517.00 to $526.00 and gave the company a “buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group set a $495.00 price objective on shares of Quanta Services in a research note on Monday, November 24th. Roth Capital set a $500.00 target price on Quanta Services and gave the stock a “buy” rating in a report on Friday, October 31st. Argus set a $540.00 target price on shares of Quanta Services in a research report on Friday, October 31st. Finally, Mizuho set a $415.00 target price on Quanta Services in a research report on Tuesday, October 28th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and an average target price of $450.10.

Quanta Services 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.