Meitav Investment House Ltd. Has $32.14 Million Holdings in Quanta Services, Inc. $PWR

Meitav Investment House Ltd. decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,738 shares of the construction company’s stock after selling 22,262 shares during the quarter. Meitav Investment House Ltd.’s holdings in Quanta Services were worth $32,139,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PWR. Petros Family Wealth LLC grew its holdings in Quanta Services by 2.2% during the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after acquiring an additional 24 shares during the period. Old Port Advisors boosted its position in shares of Quanta Services by 0.7% in the 2nd quarter. Old Port Advisors now owns 3,944 shares of the construction company’s stock worth $1,491,000 after purchasing an additional 26 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Quanta Services by 1.2% during the second quarter. Ashton Thomas Private Wealth LLC now owns 2,250 shares of the construction company’s stock worth $851,000 after purchasing an additional 26 shares during the period. Carr Financial Group Corp lifted its stake in Quanta Services by 1.8% in the third quarter. Carr Financial Group Corp now owns 1,471 shares of the construction company’s stock valued at $610,000 after buying an additional 26 shares during the period. Finally, Kathmere Capital Management LLC boosted its holdings in Quanta Services by 2.8% during the third quarter. Kathmere Capital Management LLC now owns 961 shares of the construction company’s stock worth $398,000 after buying an additional 26 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Quanta Services

In other news, Director Bernard Fried sold 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 12,493 shares of the company’s stock, valued at $5,649,209.67. This trade represents a 24.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald Wayne sold 14,000 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $443.81, for a total transaction of $6,213,340.00. Following the completion of the sale, the executive vice president directly owned 34,575 shares in the company, valued at approximately $15,344,730.75. This represents a 28.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 32,002 shares of company stock valued at $14,295,857 over the last quarter. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PWR. The Goldman Sachs Group set a $495.00 price target on Quanta Services in a research note on Monday, November 24th. Robert W. Baird set a $490.00 target price on shares of Quanta Services in a research note on Friday, October 31st. Truist Financial lifted their price target on shares of Quanta Services from $472.00 to $521.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Jefferies Financial Group lowered their price objective on shares of Quanta Services from $517.00 to $506.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Finally, Citigroup lifted their target price on Quanta Services from $517.00 to $526.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $449.57.

Quanta Services Trading Up 4.3%

PWR opened at $466.97 on Friday. The firm’s fifty day simple moving average is $441.10 and its 200 day simple moving average is $416.26. The stock has a market capitalization of $69.63 billion, a P/E ratio of 69.18, a P/E/G ratio of 2.26 and a beta of 1.16. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 0.66. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $480.93.

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