Vestmark Advisory Solutions Inc. reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 60.7% in the third quarter, selling 4,916 shares and retaining 3,177 shares valued at $1.317 million. This comes as Quanta Services exceeded Q3 earnings expectations with an EPS of $3.16 against a $3.02 consensus and reported revenue of $7.84 billion, a 19.7% year-over-year increase. Analysts generally hold a “Moderate Buy” consensus for the stock with a target price of $562.95, while the company trades near its 52-week high with a market capitalization of $84.2 billion.
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Vestmark Advisory Solutions Inc. Sells 4,916 Shares of Quanta Services, Inc. $PWR
Vestmark Advisory Solutions Inc. reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 60.7% in the third quarter, selling 4,916 shares and retaining 3,177 shares valued at $1.317 million. This comes as Quanta Services exceeded Q3 earnings expectations with an EPS of $3.16 against a $3.02 consensus and reported revenue of $7.84 billion, a 19.7% year-over-year increase. Analysts generally hold a “Moderate Buy” consensus for the stock with a target price of $562.95, while the company trades near its 52-week high with a market capitalization of $84.2 billion.