State of Wyoming Purchases 9,396 Shares of IES Holdings, Inc. $IESC

Key Points

• The State of Wyoming increased its holdings in IES Holdings, Inc. by 28.9% in Q1, now holding 41,940 shares valued at approximately $6.9 million.
• Chairman Jeffrey L. Et Al Gendell sold 1,710 shares at a price of $355.45, reducing his stake by 0.02% yet maintaining ownership of over 10.9 million shares worth nearly $3.9 billion.
• IES Holdings recently upgraded its rating from "buy" to "strong-buy" by Wall Street Zen following a positive earnings report with a $3.95 EPS that exceeded expectations.

State of Wyoming boosted its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 28.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,940 shares of the technology company's stock after buying an additional 9,396 shares during the quarter. IES comprises 0.9% of State of Wyoming's portfolio, making the stock its 8th biggest holding. State of Wyoming owned 0.21% of IES worth $6,925,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Boston Partners grew its position in shares of IES by 3.0% in 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. Summit Trail Advisors LLC grew its position in IES by 7.6% in the 1st quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company's stock worth $221,000 after purchasing an additional 95 shares during the last quarter. Principal Financial Group Inc. grew its position in IES by 1.1% during the first quarter. Principal Financial Group Inc. now owns 8,447 shares of the technology company's stock worth $1,395,000 after buying an additional 95 shares in the last quarter. Wexford Capital LP grew its position in IES by 7.0% during the fourth quarter. Wexford Capital LP now owns 2,300 shares of the technology company's stock worth $462,000 after buying an additional 150 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of IES by 44.9% during the 4th quarter. Comerica Bank now owns 507 shares of the technology company's stock worth $102,000 after purchasing an additional 157 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Price Performance

NASDAQ:IESC traded down $5.35 on Wednesday, reaching $342.40. The stock had a trading volume of 20,899 shares, compared to its average volume of 181,788. The company has a market capitalization of $6.80 billion, a P/E ratio of 26.24 and a beta of 1.64. IES Holdings, Inc. has a 1-year low of $140.89 and a 1-year high of $370.88. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $327.13 and a 200-day moving average price of $253.54.

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, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $833.00 million.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of IES from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 16th.

Insider Activity

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of IES stock in a transaction dated 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 owned 10,856,528 shares of the company's stock, valued at $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 available through the SEC website. Over the last 90 days, insiders sold 64,790 shares of company stock valued at $22,925,401. Company insiders own 56.76% of the company's stock.

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.