American Century Companies Inc. Boosts Stock Holdings in IES Holdings, Inc. $IESC

American Century Companies Inc. grew its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,699 shares of the technology company’s stock after purchasing an additional 966 shares during the quarter. American Century Companies Inc. owned approximately 0.27% of IES worth $8,866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC purchased a new stake in IES in the 1st quarter worth $16,853,000. Boston Partners increased its holdings in IES by 3.0% in the 1st quarter. Boston Partners now owns 2,870 shares of the technology company’s stock worth $474,000 after acquiring an additional 84 shares in the last quarter. HighTower Advisors LLC increased its holdings in IES by 31.8% in the 1st quarter. HighTower Advisors LLC now owns 2,085 shares of the technology company’s stock worth $344,000 after acquiring an additional 503 shares in the last quarter. Nuveen LLC purchased a new stake in IES in the 1st quarter worth $5,193,000. Finally, Cynosure Group LLC increased its holdings in IES by 49.8% in the 1st quarter. Cynosure Group LLC now owns 2,021 shares of the technology company’s stock worth $334,000 after acquiring an additional 672 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Transactions at IES

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 1,710 shares of IES stock in a transaction on Wednesday, August 13th. The shares were 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 of the company’s stock, valued at $3,879,325,849.80. The trade was a 0.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 41,340 shares of company stock worth $11,522,915. Insiders own 56.76% of the company’s stock.

IES Trading Up 1.2%

Shares of IESC opened at $358.39 on Wednesday. IES Holdings, Inc. has a 52-week low of $140.89 and a 52-week high of $370.88. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average is $319.75 and its two-hundred day moving average is $249.03. The stock has a market cap of $7.11 billion, a PE ratio of 27.38 and a beta of 1.67.

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

Analyst Ratings Changes

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

IES Company 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.