Savant Capital LLC Has $816,000 Stock Position in IES Holdings, Inc. $IESC

Savant Capital LLC lifted its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 75.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,754 shares of the technology company’s stock after purchasing an additional 1,183 shares during the quarter. Savant Capital LLC’s holdings in IES were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Insight Wealth Strategies LLC lifted its position in IES by 4.9% in the second quarter. Insight Wealth Strategies LLC now owns 1,404 shares of the technology company’s stock worth $406,000 after purchasing an additional 66 shares during the period. Boston Partners raised its stake in shares of IES by 3.0% in the 1st quarter. Boston Partners now owns 2,870 shares of the technology company’s stock valued at $474,000 after buying an additional 84 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of IES during the 2nd quarter worth about $25,000. Principal Financial Group Inc. boosted its position in shares of IES by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 8,447 shares of the technology company’s stock valued at $1,395,000 after acquiring an additional 95 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in IES by 841.7% in the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after acquiring an additional 101 shares during the period. 86.60% of the stock is currently owned by institutional investors.

IES Price Performance

Shares of IES stock opened at $358.36 on Friday. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 27.38 and a beta of 1.70. The firm’s 50-day moving average price is $387.21 and its two-hundred day moving average price is $327.54. 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 1-year low of $146.51 and a 1-year high of $442.93.

Wall Street Analyst Weigh In

A number of brokerages have commented on IESC. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a research note on Tuesday. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Insider Buying and Selling

In related news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $380.74, for a total transaction of $2,593,220.14. Following the completion of the sale, the chairman directly owned 10,769,717 shares of the company’s stock, valued at $4,100,462,050.58. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 144,127 shares of company stock worth $53,376,290. 56.76% of the stock is owned by corporate insiders.

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.