Universal Beteiligungs und Servicegesellschaft mbH Buys 13,369 Shares of Primoris Services Co. $PRIM

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Primoris Services Co. (NASDAQ:PRIM) by 34.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,738 shares of the construction company’s stock after purchasing an additional 13,369 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Primoris Services worth $7,243,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of PRIM. First Trust Advisors LP raised its stake in Primoris Services by 56.4% in the second quarter. First Trust Advisors LP now owns 1,833,105 shares of the construction company’s stock worth $142,872,000 after buying an additional 660,915 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Primoris Services by 229.3% during the 2nd quarter. American Century Companies Inc. now owns 601,482 shares of the construction company’s stock worth $46,880,000 after acquiring an additional 418,805 shares during the period. Hennessy Advisors Inc. bought a new position in shares of Primoris Services in the 3rd quarter worth approximately $50,071,000. Westfield Capital Management Co. LP lifted its stake in shares of Primoris Services by 80.4% in the 2nd quarter. Westfield Capital Management Co. LP now owns 654,223 shares of the construction company’s stock valued at $50,990,000 after purchasing an additional 291,494 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Primoris Services by 838.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 243,859 shares of the construction company’s stock valued at $19,006,000 after purchasing an additional 217,873 shares during the period. Institutional investors own 91.82% of the company’s stock.

Primoris Services Price Performance

PRIM opened at $148.19 on Monday. The firm has a market cap of $8.01 billion, a PE ratio of 49.07 and a beta of 1.36. The stock has a 50-day moving average price of $130.26 and a 200-day moving average price of $122.97. Primoris Services Co. has a 1 year low of $49.10 and a 1 year high of $155.19. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 1.38.

Primoris Services (NASDAQ:PRIM) last announced its quarterly earnings data on Monday, November 3rd. The construction company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.37 by $0.51. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $1.83 billion. Primoris Services had a net margin of 2.68% and a return on equity of 15.23%. Primoris Services’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 EPS. Primoris Services has set its FY 2025 guidance at 5.350-5.550 EPS. Sell-side analysts predict that Primoris Services Co. will post 3.26 earnings per share for the current fiscal year.

Primoris Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Wednesday, December 31st. Primoris Services’s payout ratio is presently 6.31%.

Insiders Place Their Bets

In other Primoris Services news, Director Patricia K. Wagner sold 13,491 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $125.23, for a total transaction of $1,689,477.93. Following the sale, the director directly owned 4,495 shares in the company, valued at approximately $562,908.85. This trade represents a 75.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John P. Schauerman sold 7,815 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $136.00, for a total value of $1,062,840.00. Following the transaction, the director directly owned 74,466 shares in the company, valued at approximately $10,127,376. The trade was a 9.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,888 shares of company stock valued at $3,488,679. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

PRIM has been the subject of a number of research reports. Guggenheim upgraded Primoris Services from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Tuesday, January 13th. UBS Group upped their target price on shares of Primoris Services from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. KeyCorp increased their price target on shares of Primoris Services from $154.00 to $159.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Needham & Company LLC reissued a “buy” rating on shares of Primoris Services in a research report on Wednesday, November 5th. Finally, Cantor Fitzgerald assumed coverage on shares of Primoris Services in a report on Friday. They issued a “neutral” rating and a $160.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Primoris Services presently has an average rating of “Moderate Buy” and a consensus target price of $143.87.

About Primoris Services

Primoris Services Corporation is a diversified infrastructure construction company that provides a wide range of specialty contracting services across North America. The company’s operations span pipe fabrication, pipeline construction, mechanical and electrical installations, civil and structural work, and maintenance services. Primoris serves clients in the energy, utility, transportation, water and wastewater, and industrial markets, delivering turnkey solutions from design and engineering through construction and operations support.

Within its two primary business segments—Pipeline & Facility and Civil & Utility—Primoris offers pipeline installation, compressor station construction, pump station projects, and above-ground facility work.