Handelsbanken Fonder AB Has $1.48 Million Stake in IES Holdings, Inc. $IESC

Handelsbanken Fonder AB boosted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 28.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the technology company’s stock after buying an additional 1,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in IES were worth $1,481,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Insight Wealth Strategies LLC raised its position in shares of IES by 4.9% during the second quarter. Insight Wealth Strategies LLC now owns 1,404 shares of the technology company’s stock worth $406,000 after acquiring an additional 66 shares during the last quarter. ProShare Advisors LLC increased its position in IES by 4.1% during the 2nd quarter. ProShare Advisors LLC now owns 1,854 shares of the technology company’s stock valued at $549,000 after purchasing an additional 73 shares during the period. Boston Partners increased its position in IES by 3.0% during the 1st quarter. Boston Partners now owns 2,870 shares of the technology company’s stock valued at $474,000 after purchasing an additional 84 shares during the period. Opal Wealth Advisors LLC bought a new position in IES during the 2nd quarter worth approximately $25,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of IES by 841.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after purchasing an additional 101 shares during the period. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at IES

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $373.92, for a total value of $20,752,560.00. Following the completion of the sale, the chairman owned 10,801,028 shares of the company’s stock, valued at approximately $4,038,720,389.76. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 86,811 shares of company stock valued at $32,635,682 in the last 90 days. 56.76% of the stock is currently owned by corporate insiders.

IES Stock Up 3.3%

Shares of NASDAQ IESC opened at $420.75 on Thursday. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. The firm has a market cap of $8.35 billion, a PE ratio of 32.14 and a beta of 1.70. The company’s fifty day simple moving average is $389.42 and its 200 day simple moving average is $337.88. IES Holdings, Inc. has a 12-month low of $146.51 and a 12-month high of $442.93.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IESC shares. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of IES in a report on Monday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

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.