Islay Capital Management LLC Takes $481,000 Position in IES Holdings, Inc. (NASDAQ:IESC)

Islay Capital Management LLC acquired a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,078 shares of the technology company's stock, valued at approximately $481,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in IES by 163.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,745 shares of the technology company's stock worth $1,564,000 after purchasing an additional 12,242 shares during the last quarter. FMR LLC increased its holdings in shares of IES by 12.4% in the third quarter. FMR LLC now owns 1,106,623 shares of the technology company's stock worth $72,893,000 after buying an additional 121,978 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of IES by 27.4% in the third quarter. Bank of New York Mellon Corp now owns 39,480 shares of the technology company's stock worth $2,601,000 after buying an additional 8,496 shares during the period. Vanguard Group Inc. increased its holdings in shares of IES by 1.5% in the third quarter. Vanguard Group Inc. now owns 436,085 shares of the technology company's stock worth $28,725,000 after buying an additional 6,517 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of IES in the fourth quarter worth about $208,000. Institutional investors own 86.60% of the company's stock.

IES Stock Up 0.1 %

Shares of IESC traded up $0.14 during trading hours on Tuesday, hitting $135.12. The company had a trading volume of 211,268 shares, compared to its average volume of 103,734. The firm has a market cap of $2.73 billion, a P/E ratio of 25.69 and a beta of 1.34. The stock's 50 day moving average price is $115.89 and its 200 day moving average price is $90.07. IES Holdings, Inc. has a 52-week low of $42.44 and a 52-week high of $139.46.

IES (NASDAQ:IESC - Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The technology company reported $1.87 earnings per share (EPS) for the quarter. IES had a return on equity of 26.83% and a net margin of 4.41%. The company had revenue of $634.40 million for the quarter.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of the business's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $87.13, for a total transaction of $1,420,219.00. Following the transaction, the chief executive officer now owns 11,503,933 shares in the company, valued at approximately $1,002,337,682.29. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other IES news, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of IES stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $87.13, for a total transaction of $1,420,219.00. Following the sale, the chief executive officer now directly owns 11,503,933 shares of the company's stock, valued at approximately $1,002,337,682.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Matthew J. Simmes sold 4,000 shares of IES stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $102.04, for a total value of $408,160.00. Following the sale, the chief operating officer now directly owns 87,110 shares in the company, valued at $8,888,704.40. The disclosure for this sale can be found here. Insiders have sold a total of 116,294 shares of company stock worth $11,283,205 in the last 90 days. Company insiders own 59.19% of the company's stock.

About IES

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.