Raiffeisen Bank International AG Sells 15,895 Shares of Quanta Services, Inc. $PWR

Raiffeisen Bank International AG cut its holdings in Quanta Services, Inc. (NYSE:PWR) by 11.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 121,105 shares of the construction company’s stock after selling 15,895 shares during the quarter. Quanta Services accounts for 1.0% of Raiffeisen Bank International AG’s investment portfolio, making the stock its 18th biggest holding. Raiffeisen Bank International AG’s holdings in Quanta Services were worth $86,523,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Syon Capital LLC increased its stake in shares of Quanta Services by 9.3% in the 2nd quarter. Syon Capital LLC now owns 1,622 shares of the construction company’s stock valued at $1,168,000 after acquiring an additional 138 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in Quanta Services by 36.4% during the second quarter. TD Waterhouse Canada Inc. now owns 82,959 shares of the construction company’s stock worth $57,323,000 after acquiring an additional 22,150 shares in the last quarter. Premier Path Wealth Partners LLC boosted its stake in Quanta Services by 4.3% during the second quarter. Premier Path Wealth Partners LLC now owns 1,473 shares of the construction company’s stock worth $1,061,000 after acquiring an additional 61 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Quanta Services by 103.4% in the second quarter. Concurrent Investment Advisors LLC now owns 12,312 shares of the construction company’s stock worth $8,865,000 after purchasing an additional 6,258 shares during the period. Finally, NEOS Investment Management LLC increased its stake in Quanta Services by 12.9% in the second quarter. NEOS Investment Management LLC now owns 23,940 shares of the construction company’s stock valued at $17,235,000 after purchasing an additional 2,732 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $620.95 on Friday. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average price of $653.14 and a 200-day moving average price of $642.74. The company has a market cap of $93.35 billion, a PE ratio of 71.13, a price-to-earnings-growth ratio of 2.00 and a beta of 1.20.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $8.61 billion. During the same quarter in the previous year, the firm earned $2.48 earnings per share. Quanta Services’s quarterly revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities analysts anticipate that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

Quanta Services declared that its board has authorized a share repurchase plan on Friday, May 22nd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 0.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 1st. Quanta Services’s payout ratio is currently 5.04%.

Analyst Ratings Changes

PWR has been the topic of a number of research analyst reports. Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a research report on Friday, July 31st. CICC Research initiated coverage on Quanta Services in a research note on Thursday, May 21st. They set an “outperform” rating and a $872.00 price target on the stock. Benchmark lowered Quanta Services to a “sell” rating in a report on Friday, July 31st. Citigroup raised their price objective on Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Zacks Research upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $769.25.

Quanta Services Company 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.