Blue Trust Inc. Buys 110 Shares of IES Holdings, Inc. $IESC

Blue Trust Inc. boosted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 82.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 243 shares of the technology company’s stock after buying an additional 110 shares during the period. Blue Trust Inc.’s holdings in IES were worth $72,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of IES in the second quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of IES in the first quarter worth approximately $36,000. Farther Finance Advisors LLC grew its stake in shares of IES by 54,800.0% in the second quarter. Farther Finance Advisors LLC now owns 549 shares of the technology company’s stock worth $163,000 after acquiring an additional 548 shares during the period. ORG Partners LLC bought a new stake in shares of IES in the second quarter worth approximately $207,000. Finally, Highland Capital Management LLC grew its stake in shares of IES by 22.7% in the first quarter. Highland Capital Management LLC now owns 1,294 shares of the technology company’s stock worth $214,000 after acquiring an additional 239 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the company’s stock in a transaction on Monday, September 15th. The shares were 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 of the company’s stock, valued at $4,100,462,050.58. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 145,837 shares of company stock worth $53,984,109 over the last quarter. 56.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a research report on Tuesday. 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

IES Price Performance

IES stock opened at $386.20 on Friday. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 29.50 and a beta of 1.70. The firm’s fifty day moving average is $367.51 and its 200 day moving average is $298.19. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $405.00.

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

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.