IES Holdings, Inc. $IESC Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in IES Holdings, Inc. (NASDAQ:IESC) by 41.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,274 shares of the technology company’s stock after selling 7,873 shares during the period. Russell Investments Group Ltd. owned about 0.06% of IES worth $1,862,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IESC. Man Group plc acquired a new position in shares of IES in the fourth quarter worth about $8,497,000. GAMMA Investing LLC raised its position in shares of IES by 17,886.4% in the first quarter. GAMMA Investing LLC now owns 42,268 shares of the technology company’s stock worth $69,790,000 after acquiring an additional 42,033 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of IES in the fourth quarter worth about $7,075,000. AdvisorShares Investments LLC acquired a new position in shares of IES in the fourth quarter worth about $6,732,000. Finally, Fundsmith Investment Services LTD. acquired a new position in shares of IES in the fourth quarter worth about $6,712,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 1,710 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $355.45, for a total value of $607,819.50. Following the transaction, the chairman directly owned 10,913,844 shares in the company, valued at approximately $3,879,325,849.80. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 41,340 shares of company stock valued at $11,522,915. Corporate insiders own 56.76% of the company’s stock.

IES Stock Up 1.2%

IESC opened at $358.39 on Wednesday. IES Holdings, Inc. has a twelve month low of $140.89 and a twelve month 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 company has a 50-day moving average price of $319.75 and a 200 day moving average price of $249.03. The company 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 quarterly earnings data on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $833.00 million.

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.