4,100 Shares in IES Holdings, Inc. $IESC Purchased by Strs Ohio

Strs Ohio acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,100 shares of the technology company’s stock, valued at approximately $677,000.

A number of other hedge funds also recently made changes to their positions in IESC. Fiera Capital Corp acquired a new position in shares of IES during the 1st quarter worth approximately $1,448,000. Hedeker Wealth LLC bought a new position in shares of IES in the first quarter valued at about $727,000. Rhumbline Advisers raised its position in shares of IES by 3.0% in the first quarter. Rhumbline Advisers now owns 12,663 shares of the technology company’s stock valued at $2,091,000 after purchasing an additional 366 shares during the period. Millennium Management LLC lifted its stake in shares of IES by 650.6% during the 4th quarter. Millennium Management LLC now owns 25,462 shares of the technology company’s stock worth $5,117,000 after buying an additional 22,070 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of IES by 91.6% during the 1st quarter. Victory Capital Management Inc. now owns 12,561 shares of the technology company’s stock worth $2,074,000 after buying an additional 6,006 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Stock Up 0.5%

NASDAQ IESC opened at $379.42 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $388.70. The company has a 50 day moving average of $344.80 and a 200-day moving average of $268.87. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 28.99 and a beta of 1.64.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.55 by $0.40. The business had revenue of $890.20 million for 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%.

Insider Activity at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $373.92, for a total value of $20,752,560.00. Following the completion of the transaction, the chairman owned 10,801,028 shares of the company’s stock, valued at $4,038,720,389.76. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 145,837 shares of company stock valued at $53,984,109 in the last quarter. 56.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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 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.