Capital Fund Management S.A. Boosts Holdings in IES Holdings, Inc. $IESC

Capital Fund Management S.A. grew its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 13.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,059 shares of the technology company’s stock after acquiring an additional 1,878 shares during the period. Capital Fund Management S.A. owned 0.08% of IES worth $4,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IESC. Lord Abbett & CO. LLC purchased a new stake in shares of IES in the 1st quarter worth $16,853,000. United Capital Management of KS Inc. purchased a new stake in IES in the second quarter worth about $13,589,000. Congress Asset Management Co. bought a new position in shares of IES in the second quarter worth about $10,265,000. Nuveen LLC purchased a new position in shares of IES during the 1st quarter valued at about $5,193,000. Finally, American Century Companies Inc. lifted its position in shares of IES by 42.6% during the 2nd quarter. American Century Companies Inc. now owns 76,551 shares of the technology company’s stock valued at $22,677,000 after buying an additional 22,852 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Stock Down 3.4%

NASDAQ IESC opened at $404.28 on Tuesday. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $442.93. The company has a current ratio of 1.85, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. The stock has a market cap of $8.03 billion, a PE ratio of 30.88 and a beta of 1.70. The stock’s 50 day moving average is $391.30 and its 200 day moving average is $341.51.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, November 21st. The technology company reported $3.77 earnings per share (EPS) for the quarter. IES had a net margin of 8.15% and a return on equity of 37.23%. The business had revenue of $897.80 million during the quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on IESC. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a research note on Monday, November 24th. Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IES has an average rating of “Buy”.

Insider Transactions at IES

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $380.74, for a total value of $2,593,220.14. Following the sale, the chairman owned 10,769,717 shares in the company, valued at $4,100,462,050.58. The trade was a 0.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 86,811 shares of company stock valued at $32,635,682. Insiders own 56.76% 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.