Headlands Technologies LLC Raises Stock Holdings in Quanta Services, Inc. $PWR

Headlands Technologies LLC boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 329.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,596 shares of the construction company’s stock after purchasing an additional 1,224 shares during the quarter. Headlands Technologies LLC’s holdings in Quanta Services were worth $1,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moore Capital Management LP grew its position in shares of Quanta Services by 26.0% during the second quarter. Moore Capital Management LP now owns 11,260 shares of the construction company’s stock worth $8,108,000 after buying an additional 2,325 shares in the last quarter. Sigma Planning Corp boosted its stake in Quanta Services by 98.8% during the 2nd quarter. Sigma Planning Corp now owns 4,280 shares of the construction company’s stock valued at $3,082,000 after acquiring an additional 2,127 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Quanta Services by 16.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 5,110 shares of the construction company’s stock valued at $3,679,000 after acquiring an additional 717 shares during the last quarter. Flputnam Investment Management Co. grew its holdings in Quanta Services by 13.0% during the 2nd quarter. Flputnam Investment Management Co. now owns 18,265 shares of the construction company’s stock worth $13,152,000 after acquiring an additional 2,096 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. increased its position in shares of Quanta Services by 177.0% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 25,326 shares of the construction company’s stock worth $18,236,000 after purchasing an additional 16,182 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Up 0.7%

NYSE:PWR opened at $606.78 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $658.78 and a 200-day moving average of $640.77. The firm has a market capitalization of $91.22 billion, a PE ratio of 69.51, a price-to-earnings-growth ratio of 1.98 and a beta of 1.23. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same quarter last year, the business posted $2.48 EPS. The business’s revenue was up 41.1% on a year-over-year basis. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Analysts predict that Quanta Services, Inc. will post 15.35 EPS for the current year.

Quanta Services declared that its Board of Directors has initiated a stock 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 an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

PWR has been the topic of several research analyst reports. Guggenheim raised shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price target on the stock in a research report on Friday, July 31st. Robert W. Baird set a $728.00 price objective on Quanta Services in a report on Friday, July 31st. Citigroup upped their price objective on Quanta Services from $837.00 to $871.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Zacks Research upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded Quanta Services to a “sell” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $769.25.

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.