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Wendell David Associates Inc. increased its stake in Amphenol Corporation (NYSE: APH) by 27.0% during Q3, acquiring an additional 11,150 shares, bringing its total to 52,420 shares valued at $6.49 million. Other institutional investors also increased their holdings. CFO Craig A. Lampo and VP Lance E. D'amico sold significant shares recently, reducing their ownership. Amphenol's stock opened at $152.50, with a market cap of $186.67 billion and a PE ratio of 50.83. The company reported strong Q3 earnings, exceeding estimates with $0.93 EPS and $6.19 billion in revenue.
Cantor Fitzgerald has initiated coverage on Powell Industries (NASDAQ:POWL) with a "neutral" rating and a price target of $427.00. This target suggests a potential upside of 0.03% from the previous close. Powell Industries has received mixed ratings from other analysts, with a consensus rating of "Moderate Buy" and a price target of $388.50. The company reported strong quarterly earnings, exceeding estimates, and has a market cap of $5.18 billion. Institutional investors hold 89.77% of the company's stock, indicating strong interest in the firm.
JLB & Associates Inc. reduced its holdings in Amphenol Corporation (NYSE: APH) by 5.4% in Q3, now owning 312,108 shares, making it the second largest position in their portfolio. Other institutional investors have also adjusted their stakes. Amphenol's stock opened at $152.50, with a market cap of $186.67 billion. The company reported Q1 earnings of $0.93 per share, exceeding estimates, and revenue of $6.19 billion, up 53.4% year-over-year. Recent insider sales have occurred, with significant shares sold by executives. Analysts maintain positive outlooks with price targets set above current levels.
Quanta Services (NYSE:PWR) received mixed ratings from 7 analysts, with an average 12-month price target of $491.86, reflecting an 8.46% increase from the previous target. Key analysts adjusted their ratings, with notable upgrades from firms like Cantor Fitzgerald and Jefferies. Despite a solid revenue growth rate of 17.53%, Quanta's net margin (4.45%) and return metrics (ROE: 4.18%, ROA: 1.59%) are below industry averages, indicating challenges in profitability and asset utilization. The company's debt-to-equity ratio stands at 0.72, suggesting a conservative financial approach.
Glenfarne Group, LLC has announced significant milestones for Phase One of the Alaska LNG Project, transitioning from development to early execution. The project aims to deliver reliable natural gas to Alaskans, with a target for mechanical completion of the pipeline by 2028 and first gas delivery in 2029. Glenfarne has provisionally selected Worley Limited for Engineering, Procurement, and Construction Management services. Conditional awards for pipeline construction have been granted to several companies, including MasTec, Quanta Services, and joint ventures involving Michels Pipeline and Doyon Energy Services, among others.
