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

American Century Companies Inc. boosted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 14.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 87,862 shares of the technology company’s stock after acquiring an additional 11,311 shares during the period. American Century Companies Inc. owned about 0.44% of IES worth $34,938,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of IES by 255.0% in the third quarter. US Bancorp DE now owns 213 shares of the technology company’s stock valued at $85,000 after purchasing an additional 153 shares during the period. Darden Wealth Group Inc acquired a new position in shares of IES during the 3rd quarter worth about $207,000. SG Capital Management LLC purchased a new position in IES in the 3rd quarter valued at about $38,609,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in IES by 390.6% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 628 shares of the technology company’s stock worth $250,000 after buying an additional 500 shares during the last quarter. Finally, denkapparat Operations GmbH acquired a new stake in IES in the 3rd quarter worth about $254,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Stock Up 1.1%

Shares of IESC opened at $430.65 on Friday. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $537.70. The company has a market capitalization of $8.58 billion, a PE ratio of 25.62 and a beta of 1.68. The stock has a fifty day simple moving average of $454.77 and a two-hundred day simple moving average of $412.97.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share for the quarter, missing the consensus estimate of $3.94 by ($0.23). IES had a net margin of 9.70% and a return on equity of 35.62%. The firm had revenue of $870.96 million for the quarter, compared to analyst estimates of $876.00 million.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Loop Capital set a $458.00 price objective on IES in a research note on Tuesday, February 3rd. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, IES presently has an average rating of “Buy” and a consensus price target of $458.00.

Insider Activity at IES

In other IES news, Director Todd M. Cleveland sold 3,119 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $511.81, for a total value of $1,596,335.39. Following the transaction, the director directly owned 82,517 shares in the company, valued at $42,233,025.77. The trade was a 3.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David B. Gendell sold 17,867 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $452.20, for a total transaction of $8,079,457.40. Following the completion of the sale, the director directly owned 70,669 shares of the company’s stock, valued at approximately $31,956,521.80. This trade represents a 20.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 123,320 shares of company stock valued at $58,839,170 over the last ninety days. Corporate insiders own 56.43% of the company’s stock.

IES Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.