Knights of Columbus Asset Advisors LLC Has $2.32 Million Stake in IES Holdings, Inc. $IESC

Knights of Columbus Asset Advisors LLC decreased its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 30.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,830 shares of the technology company’s stock after selling 3,476 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in IES were worth $2,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Lord Abbett & CO. LLC acquired a new stake in IES in the 1st quarter worth about $16,853,000. American Century Companies Inc. raised its stake in IES by 1.8% in the 1st quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock worth $8,866,000 after purchasing an additional 966 shares in the last quarter. LPL Financial LLC raised its stake in IES by 6.1% in the 1st quarter. LPL Financial LLC now owns 49,264 shares of the technology company’s stock worth $8,134,000 after purchasing an additional 2,838 shares in the last quarter. State of Wyoming raised its stake in IES by 28.9% in the 1st quarter. State of Wyoming now owns 41,940 shares of the technology company’s stock worth $6,925,000 after purchasing an additional 9,396 shares in the last quarter. Finally, Apis Capital Advisors LLC raised its stake in IES by 71.6% in the 1st quarter. Apis Capital Advisors LLC now owns 38,000 shares of the technology company’s stock worth $6,274,000 after purchasing an additional 15,860 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

IESC has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

IES Price Performance

Shares of NASDAQ:IESC opened at $399.38 on Tuesday. The firm has a 50 day moving average of $359.11 and a 200-day moving average of $286.47. The stock has a market capitalization of $7.93 billion, a PE ratio of 30.51 and a beta of 1.70. 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 12 month low of $146.51 and a 12 month high of $404.27.

IES (NASDAQ:IESC) last issued its earnings results on Friday, August 1st. The technology company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.55 by $0.40. The company had revenue of $890.20 million during the quarter, compared to analysts’ expectations of $833.00 million. IES had a net margin of 8.15% and a return on equity of 37.23%.

Insider Buying and Selling

In related news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $373.92, for a total value of $20,752,560.00. Following the completion of the transaction, the chairman owned 10,801,028 shares of the company’s stock, valued at $4,038,720,389.76. This represents a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 145,837 shares of company stock valued at $53,984,109. 56.76% of the stock is owned by corporate 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.