Marvin & Palmer Associates Inc. Has $5.89 Million Holdings in Quanta Services, Inc. $PWR

Marvin & Palmer Associates Inc. grew its position in Quanta Services, Inc. (NYSE:PWR) by 38.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,182 shares of the construction company’s stock after acquiring an additional 2,265 shares during the period. Quanta Services accounts for 3.8% of Marvin & Palmer Associates Inc.’s portfolio, making the stock its 11th largest holding. Marvin & Palmer Associates Inc.’s holdings in Quanta Services were worth $5,891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cedar Mountain Advisors LLC boosted its stake in Quanta Services by 321.4% in the fourth quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock worth $25,000 after purchasing an additional 45 shares in the last quarter. Darwin Wealth Management LLC bought a new position in shares of Quanta Services in the second quarter valued at about $26,000. Boreal Capital Management LLC bought a new position in shares of Quanta Services in the first quarter valued at about $27,000. MV Capital Management Inc. acquired a new position in Quanta Services during the 4th quarter worth about $30,000. Finally, Meeder Asset Management Inc. grew its holdings in Quanta Services by 221.7% during the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock worth $31,000 after acquiring an additional 51 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Down 3.0%

Shares of NYSE:PWR opened at $603.18 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 1.05. The stock has a market cap of $90.68 billion, a price-to-earnings ratio of 69.09, a P/E/G ratio of 1.98 and a beta of 1.23. The company has a 50 day moving average of $661.49 and a 200-day moving average of $639.21. Quanta Services, Inc. has a one year low of $363.01 and a one year high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The business had revenue of $9.56 billion for the quarter, compared to analyst estimates of $8.61 billion. During the same period in the prior year, the business posted $2.48 earnings per share. Quanta Services’s revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, sell-side analysts forecast that Quanta Services, Inc. will post 15.35 earnings per share for the current year.

Quanta Services declared that its board has authorized a stock repurchase plan on Friday, May 22nd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on PWR. Weiss Ratings downgraded shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. KeyCorp upgraded shares of Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price objective for the company in a research report on Friday, August 7th. UBS Group reaffirmed a “buy” rating on shares of Quanta Services in a report on Monday, August 17th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $748.00 price objective on shares of Quanta Services in a research report on Friday, July 31st. Finally, Guggenheim raised Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 target price for the company in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $769.25.

About Quanta Services

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.