Los Angeles Capital Management LLC Sells 1,607 Shares of Quanta Services, Inc. $PWR

Los Angeles Capital Management LLC lowered its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 18.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,139 shares of the construction company’s stock after selling 1,607 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Quanta Services were worth $3,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PWR. Brighton Jones LLC bought a new position in shares of Quanta Services during the 4th quarter valued at $298,000. Woodline Partners LP grew its holdings in shares of Quanta Services by 40.7% during the 1st quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock valued at $3,170,000 after purchasing an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Quanta Services during the 2nd quarter valued at $4,632,000. Marshall Wace LLP bought a new position in shares of Quanta Services during the 2nd quarter valued at $996,000. Finally, StoneX Group Inc. bought a new position in shares of Quanta Services during the 2nd quarter valued at $204,000. Institutional investors own 90.49% of the company’s stock.

Insider Activity

In related news, CAO Paul Nobel sold 4,000 shares of Quanta Services stock in a transaction dated 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 directly owned 8,080 shares of the company’s stock, valued at $6,116,398.40. This trade represents a 33.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $770.71, for a total transaction of $20,032,294.32. Following the transaction, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 159,992 shares of company stock valued at $123,244,714. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group raised their price target on shares of Quanta Services from $654.00 to $857.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Bank of America raised their price target on shares of Quanta Services from $500.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Zacks Research raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. CICC Research assumed coverage on shares of Quanta Services in a report on Thursday, May 21st. They issued an “outperform” rating and a $872.00 price target on the stock. Finally, Mizuho raised their price target on shares of Quanta Services from $580.00 to $693.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $733.87.

Quanta Services Trading Down 0.3%

NYSE:PWR opened at $691.41 on Wednesday. The company has a 50-day moving average price of $667.21 and a 200-day moving average price of $552.14. Quanta Services, Inc. has a 12 month low of $341.93 and a 12 month high of $788.75. 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 market cap of $103.75 billion, a price-to-earnings ratio of 94.84, a P/E/G ratio of 2.73 and a beta of 1.20.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, topping 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 firm had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period last year, the company posted $1.78 EPS. The company’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. Equities analysts predict that Quanta Services, Inc. will post 12.81 EPS for the current year.

Quanta Services declared that its Board of Directors has initiated a share repurchase plan on Friday, May 22nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the construction company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 13th. Stockholders of record on Wednesday, July 1st will be given 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 is Wednesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is currently 6.04%.

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.