Pacer Advisors Inc. Trims Holdings in Quanta Services, Inc. $PWR

Key Points

• Pacer Advisors Inc. cut its Quanta Services stake by 16.8% in the fourth quarter, selling 2,376 shares and leaving it with 11,796 shares valued at about $4.98 million.
• Insider selling accelerated, with CAO Paul Nobel and CEO Earl C. Jr. Austin both selling shares in May; insiders have sold nearly 160,000 shares worth about $123.2 million over the last 90 days.
• Analyst sentiment remains positive, as multiple firms raised price targets and ratings, with the stock carrying a consensus “Moderate Buy” and an average price target of $733.87.

Pacer Advisors Inc. lowered its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,796 shares of the construction company's stock after selling 2,376 shares during the period. Pacer Advisors Inc.'s holdings in Quanta Services were worth $4,979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Titan Investment Management LLC purchased a new stake in shares of Quanta Services in the 4th quarter valued at $2,128,000. MV Capital Management Inc. purchased a new position in shares of Quanta Services during the fourth quarter worth $30,000. Cambient Family Office LLC acquired a new position in Quanta Services during the fourth quarter valued at $485,000. Compound Planning Inc. boosted its holdings in Quanta Services by 35.9% in the fourth quarter. Compound Planning Inc. now owns 2,353 shares of the construction company's stock valued at $993,000 after purchasing an additional 621 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its position in Quanta Services by 0.9% during the 4th quarter. Axxcess Wealth Management LLC now owns 4,016 shares of the construction company's stock worth $1,695,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 90.49% of the company's stock.

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 stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $770.65, for a total transaction of $100,184,500.00. Following the transaction, the chief executive officer directly owned 556,911 shares in the company, valued at approximately $429,183,462.15. The trade was a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PWR shares. Zacks Research raised Quanta Services from a "hold" rating to a "strong-buy" rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Quanta Services from $627.00 to $805.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Roth Mkm boosted their price target on Quanta Services from $600.00 to $650.00 and gave the company a "buy" rating in a report on Monday, April 6th. Cantor Fitzgerald upped their price objective on Quanta Services from $630.00 to $901.00 and gave the stock an "overweight" rating in a research report on Monday, May 11th. Finally, BMO Capital Markets raised their price objective on shares of Quanta Services from $650.00 to $800.00 and gave the stock an "outperform" rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $733.87.

Quanta Services Stock Performance

NYSE PWR opened at $742.13 on Tuesday. The stock has a market capitalization of $111.36 billion, a price-to-earnings ratio of 101.80, a PEG ratio of 2.76 and a beta of 1.20. Quanta Services, Inc. has a twelve month low of $358.38 and a twelve 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 50-day moving average of $693.63 and a 200 day moving average of $568.38.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The construction company reported $2.68 EPS for the quarter, beating the consensus estimate of $2.04 by $0.64. The company had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7 billion. Quanta Services had a return on equity of 18.64% and a net margin of 3.67%.Quanta Services's quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the company earned $1.78 earnings per share. Quanta Services has set its FY 2026 guidance at 13.550-14.250 EPS. Sell-side analysts anticipate that Quanta Services, Inc. will post 12.81 EPS for the current fiscal 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Investors of record on Wednesday, July 1st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 1st. Quanta Services's payout ratio is presently 6.04%.

Quanta Services Company 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.

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