IES Holdings, Inc. $IESC Shares Purchased by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its stake in IES Holdings, Inc. by 112.5% during the first quarter, owning 2,193 shares valued at approximately $362,000.
• IES Holdings reported quarterly earnings with an EPS of $3.95, surpassing estimates by $0.40, and achieved revenues of $890.20 million, exceeding analyst estimates.
• Wall Street analysts upgraded IES Holdings from a "buy" rating to a "strong-buy" rating, indicating increased confidence in the company's growth prospects.

Ieq Capital LLC boosted its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 112.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,193 shares of the technology company's stock after purchasing an additional 1,161 shares during the period. Ieq Capital LLC's holdings in IES were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Boston Partners boosted its holdings in 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 lifted its holdings in IES by 7.6% during the 1st quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company's stock worth $221,000 after buying an additional 95 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in IES by 1.1% during the 1st 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 during the last quarter. Wexford Capital LP lifted its holdings in IES by 7.0% during the 4th quarter. Wexford Capital LP now owns 2,300 shares of the technology company's stock worth $462,000 after buying an additional 150 shares during the last quarter. Finally, Comerica Bank lifted its holdings in IES by 44.9% during the 4th quarter. Comerica Bank now owns 507 shares of the technology company's stock worth $102,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insider Buying and Selling at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $363.10, for a total transaction of $13,017,861.20. Following the sale, the chairman directly owned 10,856,528 shares in the company, valued at approximately $3,942,005,316.80. This represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 59,026 shares of company stock worth $21,348,428. 56.76% of the stock is currently owned by corporate insiders.

IES Stock Performance

Shares of IES stock traded down $4.26 on Thursday, reaching $376.93. 210,563 shares of the company were exchanged, compared to its average volume of 124,234. 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 company's 50-day moving average is $336.80 and its two-hundred day moving average is $260.76. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 28.80 and a beta of 1.64. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $388.70.

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. The business had revenue of $890.20 million for the quarter, compared to analysts' expectations of $833.00 million. IES had a return on equity of 37.23% and a net margin of 8.15%.

Wall Street Analyst Weigh In

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

IES Company 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.