Universal Beteiligungs und Servicegesellschaft mbH Acquires New Shares in IES Holdings, Inc. $IESC

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 692 shares of the technology company’s stock, valued at approximately $205,000.

A number of other institutional investors have also added to or reduced their stakes in IESC. Geode Capital Management LLC lifted its position in shares of IES by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock worth $78,210,000 after purchasing an additional 12,026 shares during the period. Lord Abbett & CO. LLC bought a new position in IES in the first quarter worth approximately $16,853,000. American Century Companies Inc. raised its stake in IES by 1.8% in the first quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock worth $8,866,000 after buying an additional 966 shares in the last quarter. LPL Financial LLC lifted its holdings in IES by 6.1% during the first quarter. LPL Financial LLC now owns 49,264 shares of the technology company’s stock worth $8,134,000 after buying an additional 2,838 shares during the period. Finally, United Capital Management of KS Inc. bought a new stake in IES during the 2nd quarter valued at $13,589,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IESC shares. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Weiss Ratings reiterated a “buy (b-)” rating on shares of IES in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

IES Stock Performance

Shares of IESC stock opened at $415.85 on Friday. IES Holdings, Inc. has a 12-month low of $146.51 and a 12-month high of $442.93. The business’s fifty day simple moving average is $391.01 and its 200-day simple moving average is $340.01. 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 company has a market cap of $8.26 billion, a PE ratio of 31.77 and a beta of 1.70.

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

Insiders Place Their Bets

In other news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the business’s stock in a transaction dated 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 sale, the chairman owned 10,769,717 shares in the company, valued at approximately $4,100,462,050.58. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 86,811 shares of company stock valued at $32,635,682 over the last three months. 56.76% of the stock is currently owned by company insiders.

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.