10,000 Shares in IES Holdings, Inc. $IESC Purchased by Timucuan Asset Management Inc. FL

Key Points

• Timucuan Asset Management Inc. FL has acquired a new stake in IES Holdings, purchasing 10,000 shares valued at approximately $1,651,000, making IES its 24th largest holding.
• IES Holdings has received an upgraded rating from Wall Street Zen, moving from a "buy" to a "strong-buy" as of August 16th.
• The company reported $3.95 earnings per share for the latest quarter, exceeding analyst expectations of $3.55, with total revenue of $890.20 million.

Timucuan Asset Management Inc. FL bought a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the technology company's stock, valued at approximately $1,651,000. IES accounts for approximately 0.1% of Timucuan Asset Management Inc. FL's investment portfolio, making the stock its 24th largest holding. Timucuan Asset Management Inc. FL owned approximately 0.05% of IES at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IESC. Envestnet Asset Management Inc. grew its holdings in IES by 49.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,452 shares of the technology company's stock worth $493,000 after acquiring an additional 808 shares during the period. Raymond James Financial Inc. purchased a new stake in IES during the fourth quarter worth $2,361,000. CANADA LIFE ASSURANCE Co boosted its position in IES by 132.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,754 shares of the technology company's stock worth $352,000 after purchasing an additional 998 shares in the last quarter. Hsbc Holdings PLC boosted its position in IES by 78.4% during the fourth quarter. Hsbc Holdings PLC now owns 4,934 shares of the technology company's stock worth $995,000 after purchasing an additional 2,168 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in IES by 20.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,298 shares of the technology company's stock worth $663,000 after purchasing an additional 570 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Insiders Place Their Bets

In related news, Chairman Jeffrey L. Et Al Gendell sold 35,852 shares of the 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 transaction, the chairman directly owned 10,856,528 shares in the company, valued at approximately $3,942,005,316.80. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 98,656 shares of company stock worth $32,263,523 in the last quarter. Corporate insiders own 56.76% of the company's stock.

Wall Street Analyst Weigh In

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

IES Price Performance

Shares of NASDAQ:IESC traded down $13.02 on Monday, hitting $349.31. The company had a trading volume of 188,214 shares, compared to its average volume of 130,744. 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 52-week low of $140.89 and a 52-week high of $370.88. The business has a 50 day moving average of $324.64 and a 200 day moving average of $252.03. The company has a market cap of $6.93 billion, a PE ratio of 26.69 and a beta of 1.64.

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 (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.40. IES had a return on equity of 37.23% and a net margin of 8.15%.The business had revenue of $890.20 million for the quarter, compared to the consensus estimate 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.