Aldebaran Capital LLC Lowers Holdings in IES Holdings, Inc. $IESC

Key Points

• Aldebaran Capital LLC reduced its stake in IES Holdings by 20%, now holding 3,294 shares valued at approximately $544,000, which makes up 0.5% of its investment portfolio.
• Insider trading activity saw Chairman Jeffrey L. Et Al Gendell sell 1,710 shares for over $607,000, decreasing his ownership by 0.02%, while insiders collectively sold 41,340 shares worth more than $11.5 million in the last 90 days.
• IES Holdings received a rating upgrade from Wall Street Zen, moving from a "buy" to a "strong-buy" rating, reflecting positive sentiment in the market.

Aldebaran Capital LLC decreased its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 20.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,294 shares of the technology company's stock after selling 825 shares during the period. IES comprises about 0.5% of Aldebaran Capital LLC's investment portfolio, making the stock its 27th biggest holding. Aldebaran Capital LLC's holdings in IES were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Lord Abbett & CO. LLC bought a new stake in shares of IES in the 1st quarter worth $16,853,000. Northern Trust Corp grew its holdings in shares of IES by 1.2% in the fourth quarter. Northern Trust Corp now owns 84,702 shares of the technology company's stock worth $17,022,000 after acquiring an additional 983 shares during the period. American Century Companies Inc. grew its holdings in shares of IES by 1.8% in the first 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 grew its holdings in shares of IES by 6.1% in the first quarter. LPL Financial LLC now owns 49,264 shares of the technology company's stock worth $8,134,000 after acquiring an additional 2,838 shares during the period. Finally, Man Group plc bought a new stake in shares of IES in the fourth quarter worth $8,497,000. Institutional investors own 86.60% of the company's stock.

Insider Activity at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 10,930,040 shares in the company, valued at $3,015,816,636.80. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 41,340 shares of company stock valued at $11,522,915 in the last quarter. 56.76% of the stock is owned by insiders.

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.

IES Stock Performance

NASDAQ IESC traded up $5.31 on Thursday, hitting $326.90. 47,063 shares of the company traded hands, compared to its average volume of 184,329. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 24.97 and a beta of 1.67. The company has a current ratio of 1.85, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. The business's 50 day moving average price is $313.65 and its 200-day moving average price is $245.58. IES Holdings, Inc. has a 52-week low of $140.89 and a 52-week high of $370.88.

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

IES 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.