ORG Partners LLC Makes New Investment in IES Holdings, Inc. $IESC

Key Points

• ORG Partners LLC acquired a new position in IES Holdings, Inc. with 714 shares valued at approximately $207,000 during the 2nd quarter.
• IES Holdings' Chairman, Jeffrey L. Et Al Gendell, sold 55,500 shares for a total of $20.75 million, resulting in a minor decrease in his position.
• Wall Street Zen upgraded IES from a "buy" rating to a "strong-buy" rating on August 16th, reflecting increased confidence from analysts.

ORG Partners LLC acquired a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 714 shares of the technology company's stock, valued at approximately $207,000.

Several other institutional investors have also modified their holdings of IESC. Lord Abbett & CO. LLC acquired a new stake in IES in the first quarter valued at $16,853,000. American Century Companies Inc. increased its holdings in shares of IES by 1.8% in the 1st quarter. American Century Companies Inc. now owns 53,699 shares of the technology company's stock valued at $8,866,000 after acquiring an additional 966 shares during the last quarter. LPL Financial LLC increased its holdings in shares of IES by 6.1% in the 1st quarter. LPL Financial LLC now owns 49,264 shares of the technology company's stock valued at $8,134,000 after acquiring an additional 2,838 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of IES by 17,886.4% in the 1st quarter. GAMMA Investing LLC now owns 42,268 shares of the technology company's stock valued at $69,790,000 after acquiring an additional 42,033 shares during the last quarter. Finally, State of Wyoming boosted its holdings in IES by 28.9% in the first quarter. State of Wyoming now owns 41,940 shares of the technology company's stock valued at $6,925,000 after purchasing an additional 9,396 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of IES stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $373.92, for a total value of $20,752,560.00. Following the transaction, the chairman directly owned 10,801,028 shares of the company's stock, valued at $4,038,720,389.76. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders have sold 145,837 shares of company stock valued at $53,984,109. Insiders own 56.76% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised IES from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 16th.

IES Stock Up 3.4%

Shares of NASDAQ IESC opened at $392.85 on Monday. The stock has a market cap of $7.80 billion, a PE ratio of 30.01 and a beta of 1.64. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $398.75. The business has a 50-day moving average price of $351.74 and a 200 day moving average price of $277.77.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The technology company reported $3.95 earnings per share for the quarter, beating 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 company had revenue of $890.20 million during the quarter, compared to analysts' expectations of $833.00 million.

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.

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