Union Bancaire Privee UBP SA Sells 3,952 Shares of Quanta Services, Inc. $PWR

Union Bancaire Privee UBP SA lowered its position in shares of Quanta Services, Inc. (NYSE:PWR) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 103,976 shares of the construction company’s stock after selling 3,952 shares during the period. Quanta Services accounts for 0.6% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 29th largest holding. Union Bancaire Privee UBP SA’s holdings in Quanta Services were worth $43,128,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in Quanta Services by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 4,886 shares of the construction company’s stock worth $2,062,000 after buying an additional 375 shares in the last quarter. Mirova boosted its stake in shares of Quanta Services by 11.4% in the third quarter. Mirova now owns 14,964 shares of the construction company’s stock worth $6,201,000 after acquiring an additional 1,533 shares during the period. AIA Group Ltd purchased a new stake in shares of Quanta Services during the third quarter worth about $1,955,000. Swiss Life Asset Management Ltd grew its position in shares of Quanta Services by 19.1% during the third quarter. Swiss Life Asset Management Ltd now owns 24,764 shares of the construction company’s stock worth $10,263,000 after purchasing an additional 3,978 shares in the last quarter. Finally, Groupama Asset Managment bought a new stake in Quanta Services during the 3rd quarter valued at approximately $3,274,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Trading Up 0.9%

Shares of NYSE PWR opened at $577.09 on Friday. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $583.73. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The business’s 50 day moving average is $515.67 and its two-hundred day moving average is $457.74. The stock has a market capitalization of $86.34 billion, a P/E ratio of 84.87, a PEG ratio of 2.60 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.14. The business had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the company earned $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PWR shares. Stifel Nicolaus set a $647.00 price target on Quanta Services in a research note on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and set a $600.00 target price on shares of Quanta Services in a research note on Friday, February 20th. Bank of America boosted their price target on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, Truist Financial reissued a “buy” rating and set a $643.00 price target (up from $548.00) on shares of Quanta Services in a research note on Friday, February 20th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $576.55.

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.