State of Wyoming Sells 15,143 Shares of IES Holdings, Inc. $IESC

Key Points

• The State of Wyoming reduced its holdings in IES Holdings, Inc. by **36.1%**, selling **15,143 shares**, and now holds **26,797 shares** valued at approximately **$7.94 million**.
• Chairman **Jeffrey L. Et Al Gendell** sold **55,500 shares** for around **$20.75 million**, decreasing his ownership by **0.51%** but still retaining **10.8 million shares** valued at over **$4 billion**.
• IES reported **$3.95 earnings per share** for the last quarter, exceeding analyst estimates, with revenues of **$890.20 million**, leading to a recent upgrade from **"buy" to "strong-buy"** by analysts.

State of Wyoming cut its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 36.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,797 shares of the technology company's stock after selling 15,143 shares during the period. IES comprises about 1.0% of State of Wyoming's holdings, making the stock its 6th largest position. State of Wyoming owned 0.13% of IES worth $7,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IESC. Opal Wealth Advisors LLC acquired a new stake in shares of IES during the 2nd quarter worth about $25,000. Nisa Investment Advisors LLC raised its holdings in IES by 841.7% during the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company's stock worth $33,000 after purchasing an additional 101 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in IES during the first quarter worth approximately $36,000. Elevation Point Wealth Partners LLC acquired a new stake in IES during the second quarter worth approximately $47,000. Finally, Blue Trust Inc. raised its holdings in IES by 82.7% during the second quarter. Blue Trust Inc. now owns 243 shares of the technology company's stock worth $72,000 after purchasing an additional 110 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at IES

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the business's 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 approximately $4,038,720,389.76. The trade was a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.

IES Stock Performance

Shares of IES stock opened at $380.01 on Friday. The firm's fifty day simple moving average is $350.42 and its 200-day simple moving average is $274.87. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 29.03 and a beta of 1.64. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $391.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65.

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

Analyst Upgrades and Downgrades

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

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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