Knights of Columbus Asset Advisors LLC Has $2.32 Million Position in IES Holdings, Inc. $IESC

Key Points

• Knights of Columbus Asset Advisors LLC reduced its holdings in IES Holdings, Inc. by 30.7%, holding 7,830 shares valued at $2.32 million as of the end of the second quarter.
• IES Holdings recently reported an EPS of $3.95 for the quarter, exceeding the consensus estimate by $0.40, with total revenue reaching $890.20 million.
• The stock has received multiple analyst upgrades, currently holding a consensus rating of "Buy", with Wall Street Zen recently raising its rating to "strong-buy".

Knights of Columbus Asset Advisors LLC reduced its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 30.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,830 shares of the technology company's stock after selling 3,476 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in IES were worth $2,319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Insight Wealth Strategies LLC increased its stake in IES by 4.9% in the 2nd quarter. Insight Wealth Strategies LLC now owns 1,404 shares of the technology company's stock valued at $406,000 after buying an additional 66 shares during the last quarter. Boston Partners increased its stake in IES by 3.0% in the 1st quarter. Boston Partners now owns 2,870 shares of the technology company's stock valued at $474,000 after buying an additional 84 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in IES in the 2nd quarter valued at $25,000. Principal Financial Group Inc. increased its stake in IES by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 8,447 shares of the technology company's stock valued at $1,395,000 after buying an additional 95 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its stake in IES by 7.6% in the 1st quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company's stock valued at $221,000 after buying an additional 95 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IESC shares. Weiss Ratings reissued a "buy (b)" rating on shares of IES in a research report on Saturday, September 27th. Wall Street Zen raised shares of IES from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

IES Stock Performance

Shares of IESC stock opened at $399.38 on Tuesday. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 30.51 and a beta of 1.70. 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 company has a 50-day simple moving average of $359.11 and a 200 day simple moving average of $286.47. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $404.27.

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

Insider Activity at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of IES stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $380.74, for a total transaction of $2,593,220.14. Following the completion of the sale, the chairman owned 10,769,717 shares of the company's stock, valued at approximately $4,100,462,050.58. The trade was a 0.06% 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 have sold 145,837 shares of company stock worth $53,984,109. Insiders own 56.76% of the company's stock.

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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