Gunderson Capital Management Inc. Acquires Shares of 8,404 Quanta Services, Inc. $PWR

Gunderson Capital Management Inc. acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 8,404 shares of the construction company’s stock, valued at approximately $3,483,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in Quanta Services during the fourth quarter worth $298,000. AQR Capital Management LLC increased its position in shares of Quanta Services by 4.1% during the first quarter. AQR Capital Management LLC now owns 41,533 shares of the construction company’s stock worth $10,320,000 after acquiring an additional 1,622 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Quanta Services by 11.7% in the 1st quarter. NewEdge Advisors LLC now owns 16,606 shares of the construction company’s stock worth $4,221,000 after acquiring an additional 1,736 shares during the last quarter. Caxton Associates LLP bought a new position in Quanta Services in the 1st quarter valued at about $846,000. Finally, Arete Wealth Advisors LLC acquired a new position in Quanta Services during the 1st quarter valued at about $217,000. 90.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PWR has been the subject of several analyst reports. Stifel Nicolaus set a $495.00 price objective on Quanta Services in a research note on Monday, November 3rd. Citigroup increased their price target on Quanta Services from $517.00 to $526.00 and gave the company a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group set a $495.00 price objective on shares of Quanta Services in a report on Monday, November 24th. Roth Capital set a $500.00 target price on shares of Quanta Services and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Evercore ISI boosted their price target on shares of Quanta Services from $410.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $450.10.

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, insider Gerald A. Ducey, Jr. sold 7,653 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $446.08, for a total transaction of $3,413,850.24. Following the completion of the sale, the insider directly owned 19,960 shares in the company, valued at approximately $8,903,756.80. This trade represents a 27.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 32,002 shares of company stock worth $14,295,857 over the last 90 days. 1.10% of the stock is owned by insiders.

Quanta Services Trading Up 0.6%

Shares of PWR stock opened at $438.33 on Wednesday. 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 firm has a market cap of $65.36 billion, a P/E ratio of 64.94, a PEG ratio of 2.12 and a beta of 1.16. The company has a 50 day moving average of $442.72 and a 200-day moving average of $413.02. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $473.99.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.09. Quanta Services had a return on equity of 18.74% and a net margin of 3.74%.The business had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the company earned $2.72 earnings per share. Quanta Services’s revenue was up 17.5% compared to the same quarter last year. 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 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.