31,453 Shares in IES Holdings, Inc. $IESC Acquired by Nuveen LLC

Nuveen LLC purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 31,453 shares of the technology company’s stock, valued at approximately $5,193,000. Nuveen LLC owned 0.16% of IES as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in shares of IES during the first quarter worth $36,000. Comerica Bank boosted its position in shares of IES by 44.9% during the fourth quarter. Comerica Bank now owns 507 shares of the technology company’s stock worth $102,000 after buying an additional 157 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of IES by 162.5% during the first quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company’s stock worth $146,000 after buying an additional 546 shares during the period. City State Bank boosted its position in shares of IES by 127.6% during the first quarter. City State Bank now owns 1,195 shares of the technology company’s stock worth $197,000 after buying an additional 670 shares during the period. Finally, Highland Capital Management LLC boosted 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 worth $214,000 after buying an additional 239 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 1,710 shares of IES stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $355.45, for a total transaction of $607,819.50. Following the sale, the chairman owned 10,913,844 shares in the company, valued at approximately $3,879,325,849.80. The trade was a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 41,340 shares of company stock worth $11,522,915 in the last 90 days. 56.76% of the stock is currently owned by insiders.

IES Stock Up 1.2%

IESC opened at $358.39 on Wednesday. The business’s 50-day simple moving average is $319.75 and its 200-day simple moving average is $249.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85. IES Holdings, Inc. has a one year low of $140.89 and a one year high of $370.88. The stock has a market capitalization of $7.11 billion, a P/E ratio of 27.38 and a beta of 1.67.

IES (NASDAQ:IESC) last posted its earnings results on Friday, August 1st. The technology company reported $3.95 EPS for the quarter, topping analysts’ consensus estimates of $3.55 by $0.40. IES had a return on equity of 37.23% and a net margin of 8.15%.The business had revenue of $890.20 million for the quarter, compared to analysts’ expectations of $833.00 million.

About IES

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.