Quanta Services Inc Stock Price Fluctuates

Quanta Services Inc’s stock price has experienced fluctuations over the past few weeks, with a recent high of $424.94 and a low of $227.08.

Price-to-Earnings Ratio Remains Elevated

The company’s price-to-earnings ratio remains relatively high at 61.209.

Powerfleet Reports Sequential Increase in Services Revenue

Powerfleet, a company that provides services to Quanta Services, has reported a 6% sequential increase in services revenue. This growth is attributed to strength in services revenue.

Key Drivers of Growth

• 6% sequential increase in services revenue
• Expansion in adjusted EBITDA margin

Changes in Substantial Holdings

There have been changes in substantial holdings by various companies, including:

• Perpetual Limited
• Related bodies corporate of Perpetual Limited These companies have ceased to be substantial holders of Quanta Services.