Dimensional Fund Advisors LP Has $106.21 Million Holdings in IES Holdings, Inc. $IESC

Key Points

• Dimensional Fund Advisors LP reduced its stake in IES Holdings, Inc. by 3.1%, owning 643,310 shares valued at approximately $106 million after selling 20,625 shares.
• Wall Street analysts raised IES's rating from "buy" to "strong-buy", reflecting positive sentiment in the company's stock performance.
• In its latest quarterly earnings, IES reported $3.95 EPS, surpassing analysts' expectations of $3.55, with revenues reaching $890.2 million against expectations of $833 million.

Dimensional Fund Advisors LP lessened its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 3.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 643,310 shares of the technology company's stock after selling 20,625 shares during the period. Dimensional Fund Advisors LP owned approximately 3.24% of IES worth $106,213,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in IESC. Wells Fargo & Company MN lifted its position in shares of IES by 3.3% during the 4th quarter. Wells Fargo & Company MN now owns 13,174 shares of the technology company's stock worth $2,647,000 after purchasing an additional 426 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of IES by 49.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,452 shares of the technology company's stock worth $493,000 after purchasing an additional 808 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of IES during the 4th quarter worth about $2,361,000. Barclays PLC lifted its position in shares of IES by 14.0% during the 4th quarter. Barclays PLC now owns 17,303 shares of the technology company's stock worth $3,477,000 after purchasing an additional 2,127 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in IES by 103.3% in the 4th quarter. NewEdge Advisors LLC now owns 3,671 shares of the technology company's stock valued at $738,000 after acquiring an additional 1,865 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total value of $7,489,572.48. Following the completion of the transaction, the chief executive officer directly owned 10,930,040 shares of the company's stock, valued at approximately $3,015,816,636.80. This represents a 0.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 41,340 shares of company stock valued at $11,522,915. Corporate insiders own 56.76% of the company's stock.

IES Stock Performance

IES stock traded up $6.49 during trading hours on Thursday, hitting $362.33. The stock had a trading volume of 138,800 shares, compared to its average volume of 131,651. The company has a 50-day moving average of $323.11 and a two-hundred day moving average of $250.68. 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 company has a market cap of $7.19 billion, a PE ratio of 27.68 and a beta of 1.67. IES Holdings, Inc. has a fifty-two week low of $140.89 and a fifty-two week high of $370.88.

IES (NASDAQ:IESC - Get Free Report) last issued its earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) 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 business had revenue of $890.20 million during the quarter, compared to analysts' expectations of $833.00 million.

Wall Street Analysts Forecast Growth

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

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.