IES Holdings, Inc. $IESC Shares Bought by PDT Partners LLC

Key Points

• PDT Partners LLC increased its stake in IES Holdings, Inc. by 142.5%, holding 8,033 shares valued at approximately $1.33 million.
• Wall Street analysts upgraded IES from a "buy" to a "strong-buy" rating, indicating positive future growth expectations.
• IES reported $3.95 earnings per share for the latest quarter, surpassing analyst expectations, with revenues of $890.20 million, significantly higher than predicted.

PDT Partners LLC increased its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 142.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,033 shares of the technology company's stock after purchasing an additional 4,721 shares during the period. PDT Partners LLC's holdings in IES were worth $1,326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of IES in the 1st quarter valued at about $36,000. Comerica Bank lifted its holdings in shares of IES by 44.9% in the 4th quarter. Comerica Bank now owns 507 shares of the technology company's stock valued at $102,000 after purchasing an additional 157 shares during the last quarter. Contravisory Investment Management Inc. increased its position in IES by 162.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company's stock valued at $146,000 after acquiring an additional 546 shares during the period. Benjamin Edwards Inc. acquired a new position in IES in the 4th quarter valued at about $237,000. Finally, City State Bank increased its position in IES by 127.6% in the 1st quarter. City State Bank now owns 1,195 shares of the technology company's stock valued at $197,000 after acquiring an additional 670 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

IES Stock Performance

IESC traded down $9.50 during trading on Friday, reaching $349.64. The company's stock had a trading volume of 129,721 shares, compared to its average volume of 114,868. IES Holdings, Inc. has a 52-week low of $140.89 and a 52-week high of $370.88. The company's fifty day moving average price is $330.97 and its 200-day moving average price is $256.26. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 26.71 and a beta of 1.64. 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 (NASDAQ:IESC - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $833.00 million.

Insiders Place Their Bets

In other news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $363.10, for a total transaction of $13,017,861.20. Following the sale, the chairman owned 10,856,528 shares of the company's stock, valued at $3,942,005,316.80. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 64,790 shares of company stock valued at $22,925,401. 56.76% of the stock is currently owned by 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.