QRG Capital Management Inc. Acquires New Shares in IES Holdings, Inc. $IESC

Key Points

• QRG Capital Management Inc. acquired a new stake in IES Holdings, Inc., purchasing 1,117 shares valued at approximately $331,000.
• IES Holdings reported an EPS of $3.95 for the quarter, surpassing analysts' expectations of $3.55, with revenue of $890.20 million.
• Insiders have sold a total of 145,837 shares in the last quarter, indicating a significant level of trading activity within the company.

QRG Capital Management Inc. acquired a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,117 shares of the technology company's stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new position in IES during the 2nd quarter worth $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of IES in the 1st quarter worth $36,000. Farther Finance Advisors LLC raised its stake in shares of IES by 54,800.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 549 shares of the technology company's stock worth $163,000 after buying an additional 548 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of IES during the second quarter worth $207,000. Finally, Highland Capital Management LLC raised its position in shares of IES by 22.7% during the first quarter. Highland Capital Management LLC now owns 1,294 shares of the technology company's stock worth $214,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

IES Stock Down 8.7%

NASDAQ:IESC opened at $361.56 on Friday. The business's fifty day moving average price is $362.37 and its 200 day moving average price is $291.42. The company has a current ratio of 1.85, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $405.00. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 27.62 and a beta of 1.70.

IES (NASDAQ:IESC - Get Free Report) last issued its earnings results on Friday, August 1st. The technology company reported $3.95 EPS 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 firm had revenue of $890.20 million for the quarter, compared to the consensus estimate of $833.00 million.

Insider Buying and Selling

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the business's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $373.92, for a total value of $20,752,560.00. Following the transaction, the chairman owned 10,801,028 shares in the company, valued at $4,038,720,389.76. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 145,837 shares of company stock valued at $53,984,109 in the last quarter. Insiders own 56.76% of the company's stock.

Analysts Set New Price Targets

IESC has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of IES in a research report on Saturday, September 27th. Wall Street Zen raised IES from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy".

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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