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

Headlands Technologies LLC lifted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 329.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,596 shares of the construction company’s stock after acquiring an additional 1,224 shares during the period. Headlands Technologies LLC’s holdings in Quanta Services were worth $1,149,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PWR. Brighton Jones LLC acquired a new position in shares of Quanta Services in the fourth quarter valued at approximately $298,000. Woodline Partners LP boosted its position in Quanta Services by 40.7% during the first quarter. Woodline Partners LP now owns 12,471 shares of the construction company’s stock worth $3,170,000 after acquiring an additional 3,606 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Quanta Services in the 2nd quarter worth approximately $4,632,000. Marshall Wace LLP purchased a new stake in Quanta Services in the 2nd quarter worth approximately $996,000. Finally, StoneX Group Inc. acquired a new position in Quanta Services in the 2nd quarter valued at $204,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock opened at $606.78 on Tuesday. 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 one year low of $363.01 and a one year high of $788.75. The stock’s 50 day moving average price is $658.78 and its 200 day moving average price is $640.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.10.

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

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

Analyst Ratings Changes

PWR has been the topic of several analyst reports. CICC Research started coverage on Quanta Services in a report on Thursday, May 21st. They set an “outperform” rating and a $872.00 price objective on the stock. UBS Group reiterated a “buy” rating on shares of Quanta Services in a research report on Monday, August 17th. Argus set a $800.00 price target on Quanta Services in a research note on Wednesday, August 5th. Raymond James Financial initiated coverage on Quanta Services in a report on Friday, July 31st. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group upped their price objective on shares of Quanta Services from $685.00 to $826.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $769.25.

About Quanta Services

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.