Sands Capital Management LLC Takes Position in Quanta Services, Inc. $PWR

Sands Capital Management LLC acquired a new stake in Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, Holdings Channel.com reports. The fund acquired 576,896 shares of the construction company’s stock, valued at approximately $243,485,000.

Other large investors have also made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its holdings in shares of Quanta Services by 321.4% in the 4th quarter. Cedar Mountain Advisors LLC now owns 59 shares of the construction company’s stock valued at $25,000 after acquiring an additional 45 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Quanta Services in the 2nd quarter valued at $26,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Quanta Services in the 4th quarter valued at $28,000. Meeder Asset Management Inc. boosted its holdings in shares of Quanta Services by 221.7% in the 4th quarter. Meeder Asset Management Inc. now owns 74 shares of the construction company’s stock valued at $31,000 after acquiring an additional 51 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of Quanta Services by 266.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 77 shares of the construction company’s stock valued at $32,000 after acquiring an additional 56 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Quanta Services news, CAO Paul Nobel sold 4,000 shares of the company’s stock in a transaction 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 directly owned 8,080 shares in the company, valued at approximately $6,116,398.40. This represents a 33.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer owned 556,911 shares of the company’s stock, valued at $429,183,462.15. This represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 159,992 shares of company stock valued at $123,244,714 over the last 90 days. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on PWR. Citigroup upped their price objective on shares of Quanta Services from $640.00 to $733.00 and gave the company a “buy” rating in a report on Monday, April 27th. Stifel Nicolaus set a $784.00 price objective on shares of Quanta Services in a report on Friday, May 1st. Mizuho increased 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. Wolfe Research increased their price target on shares of Quanta Services from $477.00 to $576.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Weiss Ratings raised shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $733.87.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $708.86 on Monday. The company’s fifty day moving average price is $675.23 and its 200 day moving average price is $557.35. Quanta Services, Inc. has a 1 year low of $349.06 and a 1 year high of $788.75. The company has a market capitalization of $106.37 billion, a PE ratio of 97.24, a price-to-earnings-growth ratio of 2.78 and a beta of 1.20. 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 (EPS) 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 for the quarter, compared to the consensus estimate of $7 billion. During the same period in the prior year, the firm posted $1.78 earnings per share. The firm’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. On average, research analysts predict that Quanta Services, Inc. will post 12.81 earnings per share for the current year.

Quanta Services declared that its Board of Directors has approved a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, July 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. Quanta Services’s dividend payout ratio 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.