Capital Fund Management S.A. Buys New Stake in IES Holdings, Inc. $IESC

Key Points

• Capital Fund Management S.A. has acquired a new stake in IES Holdings, Inc., purchasing 14,181 shares valued at approximately $2.34 million, which represents 0.07% ownership in the company.
• In addition to Capital Fund Management, several institutional investors, including Credit Agricole S.A. and American Century Companies Inc., have significantly increased their holdings in IES during the first quarter.
• IES Holdings reported $3.95 earnings per share for the last quarter, surpassing analyst expectations, and received an upgrade from a "buy" to a "strong-buy" rating from Wall Street Zen.

Capital Fund Management S.A. purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,181 shares of the technology company's stock, valued at approximately $2,341,000. Capital Fund Management S.A. owned about 0.07% of IES at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Fiera Capital Corp acquired a new position in shares of IES during the 1st quarter worth approximately $1,448,000. Hedeker Wealth LLC acquired a new position in IES during the first quarter worth $727,000. Millennium Management LLC boosted its stake in IES by 650.6% during the fourth quarter. Millennium Management LLC now owns 25,462 shares of the technology company's stock worth $5,117,000 after buying an additional 22,070 shares during the last quarter. Rhumbline Advisers grew its holdings in IES by 3.0% in the 1st quarter. Rhumbline Advisers now owns 12,663 shares of the technology company's stock valued at $2,091,000 after buying an additional 366 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of IES by 14.0% in the 4th quarter. Barclays PLC now owns 17,303 shares of the technology company's stock worth $3,477,000 after acquiring an additional 2,127 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

IES Trading Down 3.6%

Shares of NASDAQ:IESC traded down $13.02 during mid-day trading on Friday, reaching $349.31. 188,214 shares of the company were exchanged, compared to its average volume of 130,378. 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 firm's 50-day simple moving average is $324.64 and its 200 day simple moving average is $251.83. IES Holdings, Inc. has a 1 year low of $140.89 and a 1 year high of $370.88. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 26.69 and a beta of 1.67.

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

Wall Street Analysts Forecast Growth

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.

Insider Transactions at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $363.10, for a total value of $13,017,861.20. Following the sale, the chairman directly owned 10,856,528 shares in the company, valued at approximately $3,942,005,316.80. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 98,656 shares of company stock worth $32,263,523. 56.76% of the stock is owned by corporate insiders.

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.