IES Holdings, Inc. $IESC Stock Position Increased by Apis Capital Advisors LLC

Key Points

• Apis Capital Advisors LLC increased its stake in IES Holdings, Inc. by 71.6% in the first quarter, making it the firm's 8th largest position with an ownership of 38,000 shares valued at approximately $6.27 million.
• Wall Street Zen upgraded IES shares from a "buy" to a "strong-buy" rating, reflecting growing analyst confidence in the company's performance.
• IES Holdings reported $3.95 earnings per share for its latest quarter, significantly exceeding the consensus estimate of $3.55, along with a revenue of $890.2 million compared to an estimate of $833 million.

Apis Capital Advisors LLC increased its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 71.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,000 shares of the technology company's stock after purchasing an additional 15,860 shares during the period. IES accounts for 3.0% of Apis Capital Advisors LLC's portfolio, making the stock its 8th largest holding. Apis Capital Advisors LLC owned about 0.19% of IES worth $6,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in IESC. Steamboat Capital Partners LLC lifted its position in IES by 65.8% during the 1st quarter. Steamboat Capital Partners LLC now owns 19,619 shares of the technology company's stock worth $3,239,000 after buying an additional 7,786 shares in the last quarter. Vident Advisory LLC lifted its position in IES by 8.2% during the 1st quarter. Vident Advisory LLC now owns 18,054 shares of the technology company's stock worth $2,981,000 after buying an additional 1,371 shares in the last quarter. State of Wyoming lifted its position in IES by 28.9% during the 1st quarter. State of Wyoming now owns 41,940 shares of the technology company's stock worth $6,925,000 after buying an additional 9,396 shares in the last quarter. Timucuan Asset Management Inc. FL bought a new stake in IES during the 1st quarter worth about $1,651,000. Finally, Itau Unibanco Holding S.A. lifted its position in IES by 42.8% during the 1st quarter. Itau Unibanco Holding S.A. now owns 2,999 shares of the technology company's stock worth $495,000 after buying an additional 899 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

IES Trading Down 1.5%

Shares of NASDAQ:IESC traded down $5.12 during mid-day trading on Wednesday, reaching $342.62. 79,365 shares of the company's stock were exchanged, compared to its average volume of 120,818. IES Holdings, Inc. has a twelve month low of $140.89 and a twelve month high of $370.88. The business's fifty day moving average price is $328.35 and its 200-day moving average price is $254.16. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 26.17 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly 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. IES had a net margin of 8.15% and a return on equity of 37.23%. The business had revenue of $890.20 million for the quarter, compared to analysts' expectations of $833.00 million.

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.

Insiders Place Their Bets

In other news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $363.10, for a total value of $13,017,861.20. Following the completion of the sale, the chairman directly owned 10,856,528 shares of the company's stock, valued at approximately $3,942,005,316.80. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 64,790 shares of company stock worth $22,925,401. Corporate 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.