Quanta Services has been added to large cap growth and defensive indexes while dropping from multiple value and midcap benchmarks as part of a broad Russell index reshuffle. The changes affect how the stock appears in rules-based portfolios tracking Russell benchmarks, potentially influencing ownership mix and trading volumes around the rebalancing date. Quanta Services shares last closed at $668.17, with a year-to-date return of 51.97% and a one-year total shareholder return of 75.94%. The most followed narrative on the stock points to a fair value of $710, implying about 5.9% upside, though the stock trades at a price-to-earnings ratio of 90.8 times, well above the fair ratio of 46 times and the US construction industry average of 41.1 times.
Quanta Services IncIndex reshuffle may affect ownership mix and trading volumes, but net impact on stock is unclear.