Itau Unibanco Holding S.A. Has $495,000 Stock Holdings in IES Holdings, Inc. $IESC

Key Points

• Itau Unibanco Holding S.A. increased its stake in IES Holdings, Inc. by 42.8% during the first quarter, holding 2,999 shares valued at approximately $495,000.
• IES reported impressive earnings results for the quarter, with earnings per share of $3.95 and revenue of $890.20 million, exceeding analyst estimates.
• Insider transactions saw Chairman Jeffrey L. Et Al Gendell sell 1,710 shares for over $607,000, while 56.76% of the company’s stock is owned by insiders.

Itau Unibanco Holding S.A. boosted its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 42.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,999 shares of the technology company's stock after buying an additional 899 shares during the quarter. Itau Unibanco Holding S.A.'s holdings in IES were worth $495,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IESC. Lord Abbett & CO. LLC acquired a new stake in IES during the 1st quarter worth about $16,853,000. Northern Trust Corp raised its stake in shares of IES by 1.2% in the 4th quarter. Northern Trust Corp now owns 84,702 shares of the technology company's stock valued at $17,022,000 after buying an additional 983 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of IES by 1.8% during the 1st quarter. American Century Companies Inc. now owns 53,699 shares of the technology company's stock worth $8,866,000 after acquiring an additional 966 shares during the period. LPL Financial LLC boosted its position in shares of IES by 6.1% during the 1st quarter. LPL Financial LLC now owns 49,264 shares of the technology company's stock valued at $8,134,000 after acquiring an additional 2,838 shares in the last quarter. Finally, Man Group plc acquired a new position in IES in the fourth quarter worth about $8,497,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

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

IES Stock Performance

NASDAQ:IESC traded down $13.02 during mid-day trading on Friday, hitting $349.31. The stock had a trading volume of 188,214 shares, compared to its average volume of 130,744. IES Holdings, Inc. has a twelve month low of $140.89 and a twelve month high of $370.88. 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 stock has a market cap of $6.93 billion, a price-to-earnings ratio of 26.69 and a beta of 1.64. The company's 50 day simple moving average is $324.64 and its 200 day simple moving average is $252.03.

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

Insider Activity at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of the 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 transaction, the chairman directly owned 10,856,528 shares of the company's stock, valued at $3,942,005,316.80. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 98,656 shares of company stock valued at $32,263,523 in the last 90 days. 56.76% of the stock is owned by insiders.

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.