CTC Alternative Strategies Ltd. Invests $950,000 in Quanta Services, Inc. $PWR

CTC Alternative Strategies Ltd. acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,320 shares of the construction company’s stock, valued at approximately $950,000. Quanta Services makes up approximately 1.4% of CTC Alternative Strategies Ltd.’s holdings, making the stock its 17th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Quanta Services in the fourth quarter valued at approximately $817,285,000. Victory Capital Management Inc. increased its stake in shares of Quanta Services by 35.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,915,440 shares of the construction company’s stock worth $1,230,493,000 after buying an additional 758,862 shares during the period. Corient Private Wealth LLC raised its holdings in Quanta Services by 137.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,151,650 shares of the construction company’s stock valued at $486,065,000 after buying an additional 667,050 shares during the last quarter. Sands Capital Management LLC purchased a new stake in Quanta Services during the 4th quarter valued at $243,485,000. Finally, Select Equity Group L.P. grew its holdings in Quanta Services by 69.3% in the 2nd quarter. Select Equity Group L.P. now owns 1,017,123 shares of the construction company’s stock worth $384,554,000 after acquiring an additional 416,395 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PWR shares. BTIG Research lowered shares of Quanta Services to a “hold” rating in a report on Friday, July 31st. Raymond James Financial started coverage on Quanta Services in a research report on Friday, July 31st. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft cut Quanta Services to a “sell” rating in a research note on Friday, July 31st. UBS Group reaffirmed a “buy” rating on shares of Quanta Services in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $714.00 price target on shares of Quanta Services in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $769.25.

Quanta Services Trading Up 0.1%

PWR opened at $603.18 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 52 week low of $363.01 and a 52 week high of $788.75. The stock has a market cap of $90.68 billion, a PE ratio of 69.09, a PEG ratio of 1.98 and a beta of 1.23. The business has a 50 day moving average of $661.49 and a 200-day moving average of $640.09.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.93. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $8.61 billion. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%.During the same period in the prior year, the firm earned $2.48 earnings per share. The firm’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. Equities research analysts predict that Quanta Services, Inc. will post 15.35 earnings per share for the current fiscal year.

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

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.