Credit Agricole S A Purchases 4,262 Shares of IES Holdings, Inc. $IESC

Key Points

• Credit Agricole S A increased its stake in IES Holdings, Inc. by 52.5%, acquiring an additional 4,262 shares to reach a total of 12,382 shares valued at approximately $2,044,000.
• IES Holdings, Inc. reported strong earnings, with an EPS of $3.95, exceeding analysts' expectations by $0.40, and revenue of $890.20 million for the quarter.
• Shares of IES Holdings have been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, reflecting growing confidence in the company's performance.

Credit Agricole S A boosted its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 52.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,382 shares of the technology company's stock after acquiring an additional 4,262 shares during the period. Credit Agricole S A owned 0.06% of IES worth $2,044,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of IES by 1.8% in the 1st quarter. American Century Companies Inc. now owns 53,699 shares of the technology company's stock worth $8,866,000 after purchasing an additional 966 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of IES in the 1st quarter worth about $16,853,000. Boston Partners raised its position in shares of IES by 3.0% in the 1st quarter. Boston Partners now owns 2,870 shares of the technology company's stock worth $474,000 after purchasing an additional 84 shares during the last quarter. HighTower Advisors LLC raised its position in shares of IES by 31.8% in the 1st quarter. HighTower Advisors LLC now owns 2,085 shares of the technology company's stock worth $344,000 after purchasing an additional 503 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of IES in the 1st quarter worth about $5,193,000. Institutional investors own 86.60% of the company's stock.

Insider Buying and Selling at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $275.92, for a total value of $7,489,572.48. Following the completion of the transaction, the chief executive officer directly owned 10,930,040 shares of the company's stock, valued at approximately $3,015,816,636.80. This trade represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 41,340 shares of company stock valued at $11,522,915 over the last ninety days. Company insiders own 56.76% of the company's stock.

Analyst Upgrades and Downgrades

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

IES Stock Performance

Shares of NASDAQ IESC traded down $13.93 during midday trading on Friday, hitting $348.40. 44,345 shares of the company's stock traded hands, compared to its average volume of 182,449. IES Holdings, Inc. has a 1 year low of $140.89 and a 1 year high of $370.88. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 26.73 and a beta of 1.67. 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 fifty day moving average of $323.11 and a 200 day moving average of $250.68.

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

About IES

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.