Vanguard Group Inc. Sells 30,373 Shares of IES Holdings, Inc. $IESC

Vanguard Group Inc. reduced its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 4.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 722,958 shares of the technology company’s stock after selling 30,373 shares during the period. Vanguard Group Inc. owned about 3.64% of IES worth $119,368,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IESC. Catalyst Capital Advisors LLC bought a new stake in IES during the 1st quarter worth approximately $36,000. Comerica Bank increased its holdings in IES by 44.9% during the 4th quarter. Comerica Bank now owns 507 shares of the technology company’s stock worth $102,000 after purchasing an additional 157 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in IES by 162.5% during the 1st quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company’s stock worth $146,000 after purchasing an additional 546 shares in the last quarter. City State Bank increased its holdings in IES by 127.6% during the 1st quarter. City State Bank now owns 1,195 shares of the technology company’s stock worth $197,000 after purchasing an additional 670 shares in the last quarter. Finally, Highland Capital Management LLC lifted its position in shares of IES by 22.7% during the first quarter. Highland Capital Management LLC now owns 1,294 shares of the technology company’s stock valued at $214,000 after purchasing an additional 239 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Insider Transactions at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total value of $7,489,572.48. Following the completion of the transaction, the chief executive officer owned 10,930,040 shares in the company, valued at $3,015,816,636.80. This represents a 0.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 41,340 shares of company stock valued at $11,522,915. 56.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 16th.

IES Stock Up 1.9%

Shares of NASDAQ:IESC opened at $327.73 on Friday. The company has a market capitalization of $6.51 billion, a PE ratio of 25.04 and a beta of 1.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65. The business has a fifty day moving average price of $314.76 and a two-hundred day moving average price of $246.33. IES Holdings, Inc. has a 1 year low of $140.89 and a 1 year high of $370.88.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.55 by $0.40. The firm had revenue of $890.20 million during the quarter, compared to the consensus estimate of $833.00 million. IES had a return on equity of 37.23% and a net margin of 8.15%.

IES Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.