Hedeker Wealth LLC Takes Position in IES Holdings, Inc. (NASDAQ:IESC)

Key Points

• Hedeker Wealth LLC acquired a new stake in IES Holdings, purchasing 4,404 shares valued at approximately $727,000 during the first quarter.
• IES Holdings reported a net revenue of $834 million for the last quarter and an impressive return on equity of 36.49%.
• Institutional investors own about 86.60% of IES stock, indicating strong interest from larger financial entities.

Hedeker Wealth LLC purchased a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,404 shares of the technology company's stock, valued at approximately $727,000.

A number of other institutional investors have also recently bought and sold shares of the business. Catalyst Capital Advisors LLC bought a new stake in shares of IES during the first quarter valued at approximately $36,000. National Bank of Canada FI acquired a new stake in IES in the 4th quarter valued at $54,000. Comerica Bank boosted its stake in IES by 44.9% in the 4th quarter. Comerica Bank now owns 507 shares of the technology company's stock valued at $102,000 after buying an additional 157 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in IES by 6.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company's stock valued at $173,000 after buying an additional 53 shares in the last quarter. Finally, Contravisory Investment Management Inc. boosted its stake in IES by 162.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company's stock valued at $146,000 after buying an additional 546 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Stock Performance

IES stock traded up $29.35 on Friday, reaching $357.66. The company's stock had a trading volume of 188,533 shares, compared to its average volume of 153,328. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 29.93 and a beta of 1.63. The business's fifty day moving average price is $284.90 and its 200 day moving average price is $233.92. IES Holdings, Inc. has a twelve month low of $129.16 and a twelve month high of $370.88.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a return on equity of 36.49% and a net margin of 7.76%. The business had revenue of $834.00 million during the quarter.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of IES stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 39,630 shares of company stock worth $10,915,095. Insiders own 56.76% of the company's stock.

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.