Nuveen LLC Buys Shares of 31,453 IES Holdings, Inc. $IESC

Key Points

• Nuveen LLC acquired 31,453 shares of IES Holdings, Inc. for approximately $5.19 million, now holding 0.16% of the company as per its latest SEC filing.
• Wall Street Zen upgraded IES from a "buy" to a "strong-buy" rating on August 16, indicating increased analyst confidence in the stock.
• IES Holdings, Inc. reported a quarterly earnings per share (EPS) of $3.95, exceeding analysts' expectations, and showed significant revenue growth with $890.20 million in earnings.

Nuveen LLC bought a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,453 shares of the technology company's stock, valued at approximately $5,193,000. Nuveen LLC owned about 0.16% of IES at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC purchased a new position in IES in the 1st quarter worth about $36,000. Comerica Bank grew its stake in IES by 44.9% in the 4th quarter. Comerica Bank now owns 507 shares of the technology company's stock worth $102,000 after acquiring an additional 157 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of IES by 162.5% during the first quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company's stock worth $146,000 after acquiring an additional 546 shares during the period. City State Bank increased its position in shares of IES by 127.6% during the first quarter. City State Bank now owns 1,195 shares of the technology company's stock worth $197,000 after acquiring an additional 670 shares during the period. Finally, Highland Capital Management LLC raised its stake in shares of IES by 22.7% during the first quarter. Highland Capital Management LLC now owns 1,294 shares of the technology company's stock valued at $214,000 after acquiring an additional 239 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Stock Down 3.6%

NASDAQ:IESC traded down $13.02 during trading hours on Monday, reaching $349.31. The company's stock had a trading volume of 188,214 shares, compared to its average volume of 130,744. The stock has a 50 day moving average price of $326.00 and a two-hundred day moving average price of $252.88. 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 $6.93 billion, a P/E ratio of 26.69 and a beta of 1.64. IES Holdings, Inc. has a 12 month low of $140.89 and a 12 month high of $370.88.

IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, beating 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 Transactions at IES

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $363.10, for a total value of $13,017,861.20. Following the completion of the transaction, the chairman directly owned 10,856,528 shares in the company, valued at approximately $3,942,005,316.80. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 98,656 shares of company stock valued at $32,263,523 in the last 90 days. 56.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised IES from a "buy" rating to a "strong-buy" rating in a research note 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.