Applied Finance Capital Management LLC Sells 5,453 Shares of Quanta Services, Inc. $PWR

Applied Finance Capital Management LLC trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR) by 11.0% during the fourth quarter, HoldingsChannel reports. The firm owned 44,151 shares of the construction company’s stock after selling 5,453 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Quanta Services were worth $18,634,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PWR. 1ST Source Bank increased its stake in shares of Quanta Services by 1.2% during the 4th quarter. 1ST Source Bank now owns 6,620 shares of the construction company’s stock worth $2,794,000 after purchasing an additional 77 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Quanta Services by 33.1% during the 4th quarter. Bessemer Group Inc. now owns 423,313 shares of the construction company’s stock worth $178,662,000 after purchasing an additional 105,374 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Quanta Services by 8,998.7% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 20,472 shares of the construction company’s stock worth $8,721,000 after purchasing an additional 20,247 shares in the last quarter. Western Wealth Management LLC lifted its holdings in shares of Quanta Services by 36.5% during the 4th quarter. Western Wealth Management LLC now owns 1,006 shares of the construction company’s stock worth $425,000 after acquiring an additional 269 shares during the period. Finally, Freemont Management S.A. boosted its position in Quanta Services by 200.0% in the fourth quarter. Freemont Management S.A. now owns 2,100 shares of the construction company’s stock valued at $886,000 after buying an additional 1,400 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of PWR stock opened at $769.63 on Friday. The company has a 50 day moving average price of $616.07 and a 200-day moving average price of $519.19. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $115.49 billion, a PE ratio of 105.57, a P/E/G ratio of 2.68 and a beta of 1.24. Quanta Services, Inc. has a 52 week low of $320.56 and a 52 week high of $788.75.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a net margin of 3.67% and a return on equity of 18.64%. The business had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. As a group, equities research analysts expect that Quanta Services, Inc. will post 12.84 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 2nd. Quanta Services’s payout ratio is 6.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Mizuho raised their price target on shares of Quanta Services from $580.00 to $693.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. UBS Group boosted their target price on shares of Quanta Services from $646.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Bank of America upped their price target on shares of Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, February 20th. TD Cowen upped their target price on shares of Quanta Services from $570.00 to $775.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Evercore increased their price target on shares of Quanta Services from $635.00 to $800.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $708.05.

Insider Buying and Selling at Quanta Services

In related news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $756.98, for a total transaction of $3,027,920.00. Following the sale, the chief accounting officer owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares in the company, valued at $429,183,462.15. This trade represents a 18.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 159,992 shares of company stock worth $123,244,714 in the last three months. Insiders own 0.60% of the company’s stock.

Quanta Services 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.