Callahan Advisors LLC Makes New Investment in IES Holdings, Inc. $IESC

Key Points

• Callahan Advisors LLC has acquired 1,000 shares of IES Holdings, valued at approximately $296,000, marking a new investment during the second quarter.
• IES Holdings reported $3.95 earnings per share, surpassing analysts' expectations of $3.55, with revenue reaching $890.20 million for the quarter.
• Institutional investors own 86.60% of IES Holdings' stock, indicating strong institutional interest in the company.

Callahan Advisors LLC acquired a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000 shares of the technology company's stock, valued at approximately $296,000.

Several other large investors have also recently added to or reduced their stakes in IESC. Insight Wealth Strategies LLC grew its stake in shares of IES by 4.9% during 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 last quarter. Boston Partners grew its stake in shares of IES by 3.0% during the first quarter. Boston Partners now owns 2,870 shares of the technology company's stock valued at $474,000 after purchasing an additional 84 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in IES in the second quarter valued at approximately $25,000. Summit Trail Advisors LLC boosted its stake in IES by 7.6% in the first quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company's stock valued at $221,000 after acquiring an additional 95 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in IES by 1.1% in the first quarter. Principal Financial Group Inc. now owns 8,447 shares of the technology company's stock valued at $1,395,000 after acquiring an additional 95 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the firm's 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 in the company, valued at $4,100,462,050.58. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 145,837 shares of company stock valued at $53,984,109 in the last quarter. Company insiders own 56.76% of the company's stock.

IES Trading Down 0.9%

IESC opened at $391.55 on Thursday. The firm's fifty day moving average is $365.75 and its two-hundred day moving average is $295.19. 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 market cap of $7.77 billion, a PE ratio of 29.91 and a beta of 1.70. IES Holdings, Inc. has a twelve month low of $146.51 and a twelve month high of $405.00.

IES (NASDAQ:IESC - Get Free Report) last posted its earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share for the quarter, topping the consensus estimate of $3.55 by $0.40. The company 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IESC shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of IES in a research note on Tuesday. Wall Street Zen raised shares of IES from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy".

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.

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