Strs Ohio Takes $677,000 Position in IES Holdings, Inc. $IESC

Key Points

• Strs Ohio has acquired 4,100 shares of IES Holdings, Inc., valued at approximately $677,000, marking a new stake in the company during the 1st quarter.
• IES reported $3.95 earnings per share for the last quarter, exceeding analysts' expectations, with total revenue of $890.20 million.
• Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the company, decreasing his ownership by 0.51%, while insiders collectively sold 145,837 shares valued at over $53 million last quarter.

Strs Ohio bought a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,100 shares of the technology company's stock, valued at approximately $677,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of IES in the first quarter valued at about $36,000. Contravisory Investment Management Inc. raised its stake in 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 in the last quarter. City State Bank boosted its position in IES by 127.6% in the first quarter. City State Bank now owns 1,195 shares of the technology company's stock valued at $197,000 after buying an additional 670 shares in the last quarter. Highland Capital Management LLC increased its holdings in IES by 22.7% in the 1st quarter. Highland Capital Management LLC now owns 1,294 shares of the technology company's stock worth $214,000 after purchasing an additional 239 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in IES by 7.6% during the 1st quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company's stock worth $221,000 after buying an additional 95 shares during the period. Institutional investors own 86.60% of the company's stock.

IES Stock Performance

IES stock traded up $0.70 during trading hours on Tuesday, hitting $390.47. 13,654 shares of the stock traded hands, compared to its average volume of 179,315. The firm's 50 day moving average price is $346.48 and its 200-day moving average price is $271.82. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 29.86 and a beta of 1.64. IES Holdings, Inc. has a 1 year low of $146.51 and a 1 year high of $391.97.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The technology company reported $3.95 earnings per share for the quarter, topping analysts' consensus estimates of $3.55 by $0.40. The firm had revenue of $890.20 million for the quarter, compared to analyst estimates of $833.00 million. IES had a net margin of 8.15% and a return on equity of 37.23%.

Insider Transactions at IES

In related 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 transaction of $2,593,220.14. Following the sale, the chairman directly owned 10,769,717 shares of the company's stock, valued at approximately $4,100,462,050.58. This represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 145,837 shares of company stock worth $53,984,109 over the last quarter. Corporate insiders own 56.76% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of IES from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 16th.

IES Company 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.