First Business Financial Services Inc. Has $5.53 Million Position in Quanta Services, Inc. $PWR

Key Points

• First Business Financial Services Inc. increased its stake in Quanta Services by 9.6% in Q2, now holding 14,628 shares valued at approximately $5.53 million, making it their 20th largest holding.
• Quanta Services reported $2.48 EPS for the last quarter, exceeding estimates, and had a revenue of $6.77 billion, a 21.1% increase from the previous year.
• The company recently announced a quarterly $0.10 per share dividend, leading to an annual dividend yield of 0.1%.

First Business Financial Services Inc. lifted its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,628 shares of the construction company's stock after buying an additional 1,276 shares during the period. Quanta Services comprises about 0.5% of First Business Financial Services Inc.'s investment portfolio, making the stock its 20th largest holding. First Business Financial Services Inc.'s holdings in Quanta Services were worth $5,531,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Quanta Services by 2.4% during the first quarter. Vanguard Group Inc. now owns 17,417,299 shares of the construction company's stock worth $4,427,129,000 after buying an additional 407,878 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Quanta Services in the 2nd quarter valued at $650,960,000. Nuveen LLC acquired a new stake in Quanta Services in the 1st quarter valued at $404,288,000. Northern Trust Corp increased its position in shares of Quanta Services by 3.8% in the first quarter. Northern Trust Corp now owns 1,545,514 shares of the construction company's stock valued at $392,839,000 after acquiring an additional 56,081 shares during the last quarter. Finally, Amundi increased its position in shares of Quanta Services by 188.3% in the first quarter. Amundi now owns 1,206,577 shares of the construction company's stock valued at $304,139,000 after acquiring an additional 788,079 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Price Performance

NYSE:PWR opened at $427.32 on Friday. The firm has a market capitalization of $63.67 billion, a price-to-earnings ratio of 66.15, a P/E/G ratio of 2.44 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.59. The stock's 50 day moving average price is $400.13 and its two-hundred day moving average price is $365.99. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $446.60.

Quanta Services (NYSE:PWR - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.44 by $0.04. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.55 billion. Quanta Services had a net margin of 3.73% and a return on equity of 18.41%. Quanta Services's revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 EPS. Quanta Services has set its FY 2025 guidance at 10.280-10.880 EPS. On average, analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is 6.19%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PWR. BMO Capital Markets downgraded Quanta Services from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $352.00 to $400.00 in a research report on Thursday, July 17th. Mizuho started coverage on Quanta Services in a report on Thursday, September 4th. They issued a "neutral" rating and a $360.00 price objective for the company. Northland Capmk downgraded Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Northland Securities downgraded Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price objective for the company. in a report on Wednesday, July 2nd. Finally, Jefferies Financial Group raised Quanta Services from a "hold" rating to a "buy" rating and increased their price objective for the company from $398.00 to $469.00 in a report on Wednesday, September 24th. Fourteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $411.59.

Quanta Services Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.

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