Lombard Odier Asset Management Switzerland SA Invests $4.66 Million in Quanta Services, Inc. $PWR

Lombard Odier Asset Management Switzerland SA acquired a new stake in Quanta Services, Inc. (NYSE:PWR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,494 shares of the construction company’s stock, valued at approximately $4,663,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC purchased a new position in Quanta Services in the 4th quarter valued at approximately $298,000. Woodline Partners LP grew its holdings in Quanta Services by 40.7% in the first 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 purchased a new position in shares of Quanta Services in the second quarter valued at $4,632,000. Marshall Wace LLP acquired a new position in shares of Quanta Services during the 2nd quarter worth $996,000. Finally, StoneX Group Inc. acquired a new position in shares of Quanta Services during the 2nd quarter worth $204,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Earl C. Jr. Austin sold 25,992 shares of Quanta Services stock in a transaction 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 completion of the sale, the chief executive officer owned 16,508 shares in the company, valued at approximately $12,722,880.68. The trade was a 61.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Paul Nobel sold 4,000 shares of the company’s 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 sale, the chief accounting officer owned 8,080 shares in the company, valued at approximately $6,116,398.40. This trade represents a 33.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,992 shares of company stock valued at $123,244,714 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Quanta Services Stock Up 0.0%

Shares of NYSE:PWR opened at $626.03 on Monday. The stock has a 50-day simple moving average of $689.96 and a 200-day simple moving average of $606.79. The stock has a market capitalization of $93.94 billion, a P/E ratio of 85.88, a PEG ratio of 2.46 and a beta of 1.21. Quanta Services, Inc. has a 1 year low of $363.01 and a 1 year high of $788.75. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.09 and a current ratio of 1.14.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the company earned $1.78 EPS. The firm’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. Equities analysts forecast that Quanta Services, Inc. will post 12.8 earnings per share for the current year.

Quanta Services declared that its board has approved a stock repurchase program on Friday, May 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the construction company to buy up to 0.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Quanta Services Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. CICC Research started 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. Wall Street Zen downgraded Quanta Services from a “buy” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets upped their target price on Quanta Services from $650.00 to $800.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Cantor Fitzgerald increased 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. Finally, Roth Capital raised their price target on Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, April 6th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and an average target price of $745.55.

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.