Headlands Applied sciences LLC decreased its holdings in Quanta Companies, Inc. (NYSE:PWR – Free Report) by 85.7% throughout the 2nd quarter, Holdings Channel experiences. The fund owned 607 shares of the development firm’s inventory after promoting 3,624 shares throughout the quarter. Headlands Applied sciences LLC’s holdings in Quanta Companies have been price $154,000 as of its most up-to-date submitting with the Securities and Change Fee (SEC).
Different hedge funds and different institutional buyers have additionally modified their holdings of the corporate. EntryPoint Capital LLC bought a brand new place in shares of Quanta Companies throughout the first quarter valued at $25,000. Non-public Ocean LLC purchased a brand new place in Quanta Companies throughout the first quarter valued at about $26,000. Salomon & Ludwin LLC acquired a brand new place in Quanta Companies throughout the first quarter valued at roughly $26,000. Cambridge Belief Co. acquired a brand new place in Quanta Companies throughout the 1st quarter price $26,000. Lastly, Newbridge Monetary Companies Group Inc. acquired a brand new stake in Quanta Companies within the 4th quarter valued at roughly $34,000. 90.49% of the inventory is presently owned by institutional buyers.
Wall Avenue Analysts Forecast Development
PWR has been the subject of a number of current analyst experiences. B. Riley boosted their worth goal on Quanta Companies from $286.00 to $303.00 and gave the corporate a “purchase” ranking in a analysis be aware on Friday, August 2nd. Citigroup upped their goal worth on shares of Quanta Companies from $299.00 to $302.00 and gave the corporate a “purchase” ranking in a analysis report on Monday, July twenty second. Truist Monetary reissued a “purchase” ranking and issued a $319.00 goal worth (up beforehand from $305.00) on shares of Quanta Companies in a analysis be aware on Monday, August fifth. Argus lifted their goal worth on Quanta Companies from $285.00 to $310.00 and gave the inventory a “purchase” ranking in a report on Thursday, Could thirtieth. Lastly, Northland Securities raised their worth goal on shares of Quanta Companies from $264.00 to $280.00 and gave the inventory an “outperform” ranking in a report on Friday, August 2nd. 4 analysis analysts have rated the inventory with a maintain ranking and ten have issued a purchase ranking to the inventory. In keeping with MarketBeat.com, the corporate has a median ranking of “Average Purchase” and a consensus worth goal of $284.50.
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Insider Exercise
In different Quanta Companies information, insider Karl W. Studer bought 23,357 shares of the enterprise’s inventory in a transaction on Wednesday, August twenty first. The shares have been bought at a median worth of $270.51, for a complete transaction of $6,318,302.07. Following the transaction, the insider now straight owns 10,631 shares of the corporate’s inventory, valued at roughly $2,875,791.81. The sale was disclosed in a authorized submitting with the SEC, which may be accessed by the SEC web site. In different Quanta Companies information, insider Karl W. Studer bought 23,357 shares of the inventory in a transaction on Wednesday, August twenty first. The inventory was bought at a median worth of $270.51, for a complete worth of $6,318,302.07. Following the completion of the transaction, the insider now owns 10,631 shares within the firm, valued at $2,875,791.81. The transaction was disclosed in a submitting with the SEC, which is offered by the SEC web site. Additionally, CEO Earl C. Jr. Austin bought 130,000 shares of the corporate’s inventory in a transaction dated Wednesday, August 14th. The inventory was bought at a median worth of $262.21, for a complete transaction of $34,087,300.00. Following the completion of the sale, the chief govt officer now straight owns 593,402 shares within the firm, valued at $155,595,938.42. The disclosure for this sale may be discovered right here. During the last three months, insiders have bought 202,357 shares of firm inventory valued at $53,115,572. Firm insiders personal 1.10% of the corporate’s inventory.
Quanta Companies Inventory Up 0.4 %
PWR opened at $269.54 on Friday. The enterprise’s fifty day easy shifting common is $260.21 and its 200 day easy shifting common is $260.07. The inventory has a market cap of $39.71 billion, a PE ratio of 52.24 and a beta of 1.01. Quanta Companies, Inc. has a 52 week low of $153.74 and a 52 week excessive of $286.87. The corporate has a fast ratio of 1.25, a present ratio of 1.30 and a debt-to-equity ratio of 0.45.
Quanta Companies (NYSE:PWR – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, August 1st. The development firm reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.15. The enterprise had income of $5.59 billion for the quarter, in comparison with analyst estimates of $5.51 billion. Quanta Companies had a internet margin of three.59% and a return on fairness of 16.29%. The corporate’s income was up 10.8% on a year-over-year foundation. Throughout the identical quarter final 12 months, the agency earned $1.47 EPS. As a bunch, analysis analysts anticipate that Quanta Companies, Inc. will submit 7.82 earnings per share for the present fiscal 12 months.
Quanta Companies Declares Dividend
The agency additionally lately disclosed a quarterly dividend, which can be paid on Friday, October eleventh. Stockholders of document on Tuesday, October 1st can be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.36 dividend on an annualized foundation and a dividend yield of 0.13%. Quanta Companies’s dividend payout ratio is presently 6.98%.
About Quanta Companies
Quanta Companies, Inc gives infrastructure options for the electrical and fuel utility, renewable vitality, communications, and pipeline and vitality industries in the USA, Canada, Australia, and internationally. The corporate’s Electrical Energy Infrastructure Options section engages within the design, procurement, development, improve, restore, and upkeep of electrical energy transmission and distribution infrastructure and substation services; set up, upkeep, and improve of electrical energy infrastructure tasks; set up of sensible grid applied sciences on electrical energy networks; and design, set up, upkeep, and restore of economic and industrial wirings.
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