Swedbank AB Increases Stock Position in IES Holdings, Inc. $IESC

Swedbank AB boosted its stake in IES Holdings, Inc. (NASDAQ:IESC) by 68.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,000 shares of the technology company’s stock after acquiring an additional 13,000 shares during the period. Swedbank AB owned about 0.16% of IES worth $9,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IESC. Pallas Capital Advisors LLC acquired a new position in IES in the second quarter valued at $349,000. Insight Wealth Strategies LLC increased its stake in IES by 4.9% in the second quarter. Insight Wealth Strategies LLC now owns 1,404 shares of the technology company’s stock valued at $406,000 after purchasing an additional 66 shares during the period. Rhumbline Advisers increased its stake in shares of IES by 3.0% during the first quarter. Rhumbline Advisers now owns 12,663 shares of the technology company’s stock worth $2,091,000 after acquiring an additional 366 shares during the period. Strs Ohio acquired a new position in shares of IES during the first quarter worth about $677,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of IES by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock worth $3,762,000 after acquiring an additional 1,435 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $380.74, for a total value of $2,593,220.14. Following the completion of the sale, the chairman owned 10,769,717 shares of the company’s stock, valued at $4,100,462,050.58. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 145,837 shares of company stock valued at $53,984,109 over the last ninety days. 56.76% of the stock is owned by corporate insiders.

IES Stock Performance

Shares of IESC opened at $379.42 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 28.99 and a beta of 1.64. The company’s 50 day simple moving average is $344.80 and its 200 day simple moving average is $270.27. IES Holdings, Inc. has a 1 year low of $146.51 and a 1 year high of $388.70.

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 business had revenue of $890.20 million for the quarter, compared to the consensus estimate 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.