M.D. Sass LLC Has $34.83 Million Holdings in Quanta Services, Inc. $PWR

M.D. Sass LLC decreased its holdings in Quanta Services, Inc. (NYSE:PWR) by 30.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,442 shares of the construction company’s stock after selling 28,221 shares during the quarter. Quanta Services accounts for approximately 2.6% of M.D. Sass LLC’s investment portfolio, making the stock its 21st biggest holding. M.D. Sass LLC’s holdings in Quanta Services were worth $34,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PWR. Bartlett & CO. Wealth Management LLC raised its position in Quanta Services by 2.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock valued at $282,000 after buying an additional 13 shares during the last quarter. Pincus Capital Management LP boosted its holdings in Quanta Services by 0.4% during the 1st quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock worth $2,026,000 after acquiring an additional 15 shares during the last quarter. SouthState Bank Corp grew its stake in shares of Quanta Services by 23.5% in the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock worth $46,000 after acquiring an additional 16 shares in the last quarter. Lewis Asset Management LLC grew its stake in shares of Quanta Services by 2.5% in the 1st quarter. Lewis Asset Management LLC now owns 692 shares of the construction company’s stock worth $380,000 after acquiring an additional 17 shares in the last quarter. Finally, Stiles Financial Services Inc raised its holdings in shares of Quanta Services by 1.8% in the first quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock valued at $542,000 after purchasing an additional 17 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

PWR has been the topic of several analyst reports. Weiss Ratings cut shares of Quanta Services from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Mizuho set a $645.00 price objective on shares of Quanta Services in a research note on Monday. Stifel Nicolaus set a $784.00 target price on shares of Quanta Services in a research report on Friday, May 1st. Jefferies Financial Group cut their target price on Quanta Services from $857.00 to $784.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Finally, Cantor Fitzgerald upped their target price on Quanta Services from $630.00 to $901.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $745.55.

Quanta Services Price Performance

Shares of NYSE PWR opened at $653.25 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $692.83 and a two-hundred day simple moving average of $605.45. Quanta Services, Inc. has a 1-year low of $363.01 and a 1-year high of $788.75. The firm has a market cap of $98.03 billion, a price-to-earnings ratio of 89.61, a price-to-earnings-growth ratio of 2.53 and a beta of 1.21.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.64. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.The firm had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The business’s revenue was up 26.3% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Analysts anticipate that Quanta Services, Inc. will post 12.8 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st were paid a $0.11 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is presently 6.04%.

Quanta Services announced that its Board of Directors has initiated a share repurchase program on Friday, May 22nd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 0.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total value of $100,184,500.00. Following the completion of the transaction, the chief executive officer directly owned 556,911 shares of the company’s stock, valued at approximately $429,183,462.15. This trade represents a 18.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders sold 159,992 shares of company stock valued at $123,244,714 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

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.