IES Holdings, Inc. (NASDAQ:IESC) Shares Acquired by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in IES Holdings, Inc. by 6.1% during the first quarter, owning approximately 49,264 shares valued at $8.13 million at quarter-end.
• IES Holdings reported strong quarterly earnings with an EPS of $3.95, exceeding analysts' expectations of $3.55, alongside revenues of $890.20 million.
• CEO Jeffrey L. Et Al Gendell sold 27,144 shares at an average price of $275.92, representing a 0.25% decrease in his holdings, which remain substantial.

LPL Financial LLC increased its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,264 shares of the technology company's stock after buying an additional 2,838 shares during the period. LPL Financial LLC owned about 0.25% of IES worth $8,134,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. increased its stake in IES by 27.6% during the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock valued at $40,353,000 after purchasing an additional 43,449 shares during the last quarter. Man Group plc bought a new stake in IES during the fourth quarter valued at $8,497,000. GAMMA Investing LLC increased its stake in IES by 17,886.4% during the first quarter. GAMMA Investing LLC now owns 42,268 shares of the technology company's stock valued at $69,790,000 after purchasing an additional 42,033 shares during the last quarter. Geode Capital Management LLC increased its stake in IES by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company's stock valued at $49,168,000 after purchasing an additional 35,474 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in IES during the fourth quarter valued at $7,075,000. Institutional investors own 86.60% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of IES from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd.

Insiders Place Their Bets

In related news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $273.59, for a total value of $1,576,972.76. Following the completion of the sale, the chief executive officer owned 10,917,554 shares of the company's stock, 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 document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 39,630 shares of company stock valued at $10,915,095 over the last three months. Corporate insiders own 56.76% of the company's stock.

IES Stock Performance

Shares of IES stock traded down $11.88 during trading on Thursday, hitting $336.46. 46,251 shares of the stock were exchanged, compared to its average volume of 186,746. The stock's fifty day moving average is $308.03 and its 200 day moving average is $241.74. The stock has a market cap of $6.68 billion, a PE ratio of 25.70 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. IES Holdings, Inc. has a 12 month low of $140.89 and a 12 month high of $370.88.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly 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 analyst estimates of $833.00 million. IES had a net margin of 8.15% and a return on equity of 37.23%.

About IES

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.