Knights of Columbus Asset Advisors LLC Has $1.87 Million Position in IES Holdings, Inc. (NASDAQ:IESC)

Key Points

• Knights of Columbus Asset Advisors LLC has increased its stake in IES Holdings by 11.1%, now holding approximately $1.87 million in shares.
• IES Holdings has a market capitalization of $7.10 billion and reported $3.30 earnings per share with revenues of $834 million for the recent quarter.
• Wall Street Zen upgraded IES from a "buy" rating to a "strong-buy" rating, reflecting increased confidence in the company's performance.

Knights of Columbus Asset Advisors LLC increased its stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 11.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,306 shares of the technology company's stock after acquiring an additional 1,127 shares during the period. Knights of Columbus Asset Advisors LLC owned about 0.06% of IES worth $1,867,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hedeker Wealth LLC bought a new stake in IES during the first quarter worth about $727,000. Oakwell Private Wealth Management LLC bought a new stake in IES during the first quarter worth about $1,658,000. IFP Advisors Inc raised its holdings in IES by 10,656.0% during the first quarter. IFP Advisors Inc now owns 2,689 shares of the technology company's stock worth $444,000 after acquiring an additional 2,664 shares in the last quarter. Victory Capital Management Inc. raised its holdings in IES by 91.6% during the first quarter. Victory Capital Management Inc. now owns 12,561 shares of the technology company's stock worth $2,074,000 after acquiring an additional 6,006 shares in the last quarter. Finally, Bridgewater Advisors Inc. bought a new stake in IES during the first quarter worth about $552,000. Institutional investors own 86.60% of the company's stock.

IES Stock Performance

IESC opened at $357.66 on Friday. IES Holdings, Inc. has a 52-week low of $129.16 and a 52-week high of $370.88. The firm has a market capitalization of $7.10 billion, a PE ratio of 29.93 and a beta of 1.63. The business's 50-day simple moving average is $284.90 and its 200 day simple moving average is $233.92.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. The firm had revenue of $834.00 million for the quarter. IES had a return on equity of 36.49% and a net margin of 7.76%.

Analysts Set New Price Targets

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

Insider Transactions at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $273.59, for a total value of $1,576,972.76. Following the sale, the chief executive officer owned 10,917,554 shares in the company, valued at $2,986,933,598.86. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 39,630 shares of company stock valued at $10,915,095 in the last 90 days. 56.76% of the stock is owned by corporate insiders.

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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