KADENSA CAPITAL Ltd Buys New Holdings in Quanta Services, Inc. $PWR

KADENSA CAPITAL Ltd purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 51,632 shares of the construction company’s stock, valued at approximately $21,397,000. Quanta Services comprises 2.2% of KADENSA CAPITAL Ltd’s holdings, making the stock its 17th biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Quanta Services during the 2nd quarter worth approximately $675,802,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Quanta Services by 57.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,425,436 shares of the construction company’s stock valued at $917,009,000 after acquiring an additional 882,209 shares during the period. Bank of America Corp DE lifted its holdings in Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after purchasing an additional 765,822 shares during the last quarter. Select Equity Group L.P. boosted its position in Quanta Services by 69.3% during the second quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after purchasing an additional 416,395 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Quanta Services by 2.2% in the third quarter. Vanguard Group Inc. now owns 18,143,619 shares of the construction company’s stock valued at $7,519,079,000 after purchasing an additional 386,937 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PWR shares. Wolfe Research increased their price objective on shares of Quanta Services from $477.00 to $576.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. B. Riley Financial upped their price target on shares of Quanta Services from $450.00 to $565.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Cantor Fitzgerald raised their price objective on shares of Quanta Services from $520.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Sanford C. Bernstein boosted their price objective on Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Finally, Roth Mkm reiterated a “buy” rating and set a $600.00 target price on shares of Quanta Services in a research note on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $576.55.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $558.55 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $83.57 billion, a price-to-earnings ratio of 82.14, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $576.86. The company has a 50-day simple moving average of $504.26 and a two-hundred day simple moving average of $453.40.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.38 billion. During the same quarter in the prior year, the business posted $2.94 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. Analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Company 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.