Steamboat Capital Partners LLC Grows Stock Position in IES Holdings, Inc. $IESC

Key Points

• Steamboat Capital Partners LLC increased its stock holdings in IES Holdings, Inc. by 65.8% during the 1st quarter, now owning approximately $3.24 million worth of shares.
• After various institutional investments, institutional investors own 86.60% of IES's stock, indicating strong backing from major financial players.
• IES Holdings reported better-than-expected earnings with $3.95 earnings per share, surpassing analysts' estimates of $3.55, alongside a net margin of 8.15% on revenue of $890.20 million.

Steamboat Capital Partners LLC lifted its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 65.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,619 shares of the technology company's stock after buying an additional 7,786 shares during the quarter. Steamboat Capital Partners LLC owned approximately 0.10% of IES worth $3,239,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fiera Capital Corp purchased a new position in IES during the 1st quarter worth $1,448,000. Hedeker Wealth LLC purchased a new position in IES during the 1st quarter worth $727,000. Millennium Management LLC increased its holdings in IES by 650.6% during the 4th quarter. Millennium Management LLC now owns 25,462 shares of the technology company's stock worth $5,117,000 after purchasing an additional 22,070 shares during the period. Rhumbline Advisers increased its holdings in IES by 3.0% during the 1st quarter. Rhumbline Advisers now owns 12,663 shares of the technology company's stock worth $2,091,000 after purchasing an additional 366 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in IES by 91.6% during the 1st quarter. Victory Capital Management Inc. now owns 12,561 shares of the technology company's stock worth $2,074,000 after purchasing an additional 6,006 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of IES stock in a transaction dated 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 completion of the sale, the chairman owned 10,856,528 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this link. Over the last ninety days, insiders sold 64,790 shares of company stock worth $22,925,401. Insiders own 56.76% of the company's stock.

IES Stock Performance

IESC traded up $16.52 on Thursday, reaching $359.14. 94,957 shares of the stock were exchanged, compared to its average volume of 181,480. The company's 50-day moving average price is $328.35 and its 200 day moving average price is $254.16. IES Holdings, Inc. has a fifty-two week low of $140.89 and a fifty-two week high of $370.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65. The firm has a market capitalization of $7.13 billion, a PE ratio of 27.44 and a beta of 1.64.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The technology company reported $3.95 EPS for the quarter, topping 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 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.