J. Safra Sarasin Holding AG Increases Holdings in Quanta Services, Inc. $PWR

J. Safra Sarasin Holding AG grew its stake in Quanta Services, Inc. (NYSE:PWR) by 10.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,333 shares of the construction company’s stock after acquiring an additional 1,087 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Quanta Services were worth $6,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PWR. State Street Corp boosted its stake in Quanta Services by 2.1% in the 4th quarter. State Street Corp now owns 6,206,761 shares of the construction company’s stock worth $2,619,626,000 after purchasing an additional 126,014 shares in the last quarter. Geode Capital Management LLC grew its position in Quanta Services by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 4,086,544 shares of the construction company’s stock valued at $1,718,371,000 after purchasing an additional 110,360 shares during the last quarter. Bank of America Corp DE increased its stake in Quanta Services by 35.6% during the 3rd quarter. Bank of America Corp DE now owns 2,916,540 shares of the construction company’s stock valued at $1,208,672,000 after purchasing an additional 765,822 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after buying an additional 758,862 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Quanta Services in the fourth quarter worth approximately $817,285,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Down 1.8%

PWR stock opened at $646.72 on Tuesday. The company has a market cap of $97.05 billion, a price-to-earnings ratio of 88.71, a P/E/G ratio of 2.59 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14. The business’s 50-day moving average is $713.16 and its two-hundred day moving average is $593.52. Quanta Services, Inc. has a fifty-two week low of $363.01 and a fifty-two week high of $788.75.

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

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

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Wednesday, July 1st. Quanta Services’s payout ratio is currently 6.04%.

Insider Transactions at Quanta Services

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $756.98, for a total value of $3,027,920.00. Following the completion of the sale, the chief accounting officer owned 8,080 shares in the company, valued at $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total value of $20,032,294.32. Following the transaction, the chief executive officer owned 16,508 shares of the company’s stock, valued at approximately $12,722,880.68. This trade represents a 61.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 159,992 shares of company stock valued at $123,244,714. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PWR. B. Riley Financial reaffirmed a “neutral” rating on shares of Quanta Services in a report on Friday, May 1st. BNP Paribas Exane initiated coverage on shares of Quanta Services in a research note on Tuesday, April 14th. They set a “neutral” rating on the stock. Robert W. Baird raised their price target on shares of Quanta Services from $606.00 to $777.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Evercore boosted their price objective on shares of Quanta Services from $635.00 to $800.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, BMO Capital Markets increased their price objective on shares of Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Nineteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $751.86.

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.