Truvestments Capital LLC Has $1.25 Million Stake in IES Holdings, Inc. $IESC

Key Points

• Truvestments Capital LLC increased its stake in IES Holdings, Inc. by 26.8% in Q1, owning a total of 7,590 shares valued at $1,253,000.
• IES reported strong quarterly earnings of $3.95 per share, surpassing analysts' expectations and achieving revenue of $890.20 million.
• Wall Street analysts upgraded IES Holdings from a "buy" to a "strong-buy" rating, indicating optimism about the company's growth prospects.

Truvestments Capital LLC lifted its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 26.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,590 shares of the technology company's stock after buying an additional 1,602 shares during the quarter. Truvestments Capital LLC's holdings in IES were worth $1,253,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fiera Capital Corp acquired a new stake in shares of IES during the 1st quarter worth approximately $1,448,000. Hedeker Wealth LLC acquired a new stake in shares of IES during the 1st quarter worth approximately $727,000. Millennium Management LLC grew its position in shares of IES by 650.6% during the 4th quarter. Millennium Management LLC now owns 25,462 shares of the technology company's stock worth $5,117,000 after buying an additional 22,070 shares during the period. Rhumbline Advisers grew its position in shares of IES by 3.0% during the 1st quarter. Rhumbline Advisers now owns 12,663 shares of the technology company's stock worth $2,091,000 after buying an additional 366 shares during the period. Finally, Barclays PLC grew its holdings in IES by 14.0% during the fourth quarter. Barclays PLC now owns 17,303 shares of the technology company's stock valued at $3,477,000 after purchasing an additional 2,127 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $363.10, for a total transaction of $13,017,861.20. Following the transaction, the chairman directly owned 10,856,528 shares in the company, valued at approximately $3,942,005,316.80. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 98,656 shares of company stock worth $32,263,523 in the last 90 days. 56.76% of the stock is currently owned by insiders.

IES Stock Down 3.6%

Shares of IESC stock traded down $13.02 during trading on Friday, reaching $349.31. The company's stock had a trading volume of 188,214 shares, compared to its average volume of 130,378. The business has a fifty day moving average price of $324.64 and a 200-day moving average price of $251.83. 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 $6.94 billion, a price-to-earnings ratio of 26.69 and a beta of 1.67. IES Holdings, Inc. has a one year low of $140.89 and a one year high of $370.88.

IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The technology company reported $3.95 EPS 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 analyst estimates of $833.00 million. IES had a net margin of 8.15% and a return on equity of 37.23%.

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.