IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by Aldebaran Capital LLC

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 lessened its stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 20.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,294 shares of the technology company's stock after selling 825 shares during the quarter. IES accounts for 0.5% of Aldebaran Capital LLC's investment portfolio, making the stock its 27th biggest position. Aldebaran Capital LLC's holdings in IES were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in shares of IES during the first quarter worth about $36,000. Comerica Bank lifted its stake in shares of IES by 44.9% during the fourth quarter. Comerica Bank now owns 507 shares of the technology company's stock worth $102,000 after purchasing an additional 157 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of IES by 6.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company's stock worth $173,000 after acquiring an additional 53 shares during the last quarter. Contravisory Investment Management Inc. increased its position in shares of IES by 162.5% during the first quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company's stock worth $146,000 after acquiring an additional 546 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of IES during the fourth quarter worth about $201,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity

In related news, Chairman Jeffrey L. Et Al Gendell sold 1,710 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $355.45, for a total value of $607,819.50. Following the completion of the sale, the chairman directly owned 10,913,844 shares of the company's stock, valued at $3,879,325,849.80. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 41,340 shares of company stock worth $11,522,915 over the last 90 days. 56.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

IES Stock Down 0.8%

Shares of NASDAQ IESC opened at $332.16 on Friday. IES Holdings, Inc. has a 1 year low of $140.89 and a 1 year high of $370.88. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 25.38 and a beta of 1.67. 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's 50-day simple moving average is $310.35 and its 200-day simple moving average is $243.38.

IES (NASDAQ:IESC - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $833.00 million.

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.

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