IES Holdings, Inc. $IESC Holdings Lowered by Aviva PLC

Aviva PLC decreased its position in IES Holdings, Inc. (NASDAQ:IESC) by 49.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,769 shares of the technology company’s stock after selling 1,719 shares during the quarter. Aviva PLC’s holdings in IES were worth $524,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Lord Abbett & CO. LLC bought a new stake in IES in the first quarter worth about $16,853,000. American Century Companies Inc. raised its holdings in shares of IES by 1.8% in the 1st quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock worth $8,866,000 after purchasing an additional 966 shares in the last quarter. LPL Financial LLC lifted its stake in IES by 6.1% during the first quarter. LPL Financial LLC now owns 49,264 shares of the technology company’s stock valued at $8,134,000 after purchasing an additional 2,838 shares during the last quarter. United Capital Management of KS Inc. bought a new stake in IES during the second quarter worth approximately $13,589,000. Finally, State of Wyoming grew its position in IES by 28.9% in the first quarter. State of Wyoming now owns 41,940 shares of the technology company’s stock worth $6,925,000 after buying an additional 9,396 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

IES Stock Performance

IESC stock opened at $358.36 on Friday. The stock has a market cap of $7.11 billion, a P/E ratio of 27.38 and a beta of 1.70. 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 firm has a 50 day simple moving average of $387.21 and a 200 day simple moving average of $327.54. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $442.93.

Insider Activity at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $373.92, for a total value of $20,752,560.00. Following the transaction, the chairman directly owned 10,801,028 shares of the company’s stock, valued at approximately $4,038,720,389.76. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 144,127 shares of company stock worth $53,376,290. Insiders own 56.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of IES in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

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.