United Capital Management of KS Inc. Makes New $13.59 Million Investment in IES Holdings, Inc. $IESC

United Capital Management of KS Inc. purchased a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 45,874 shares of the technology company’s stock, valued at approximately $13,589,000. IES accounts for about 2.1% of United Capital Management of KS Inc.’s investment portfolio, making the stock its 13th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lord Abbett & CO. LLC purchased a new stake in shares of IES in the 1st quarter valued at approximately $16,853,000. American Century Companies Inc. raised its holdings in IES by 1.8% during the first quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock valued at $8,866,000 after buying an additional 966 shares in the last quarter. LPL Financial LLC raised its position in shares of IES by 6.1% in the first quarter. LPL Financial LLC now owns 49,264 shares of the technology company’s stock valued at $8,134,000 after purchasing an additional 2,838 shares during the period. State of Wyoming grew its position in shares of IES by 28.9% in the first quarter. State of Wyoming now owns 41,940 shares of the technology company’s stock valued at $6,925,000 after purchasing an additional 9,396 shares during the last quarter. Finally, Apis Capital Advisors LLC boosted its position in shares of IES by 71.6% in the first quarter. Apis Capital Advisors LLC now owns 38,000 shares of the technology company’s stock valued at $6,274,000 after acquiring an additional 15,860 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analysts Set New Price Targets

IESC has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of IES in a research report on Tuesday, October 14th. 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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

IES Stock Up 14.9%

Shares of IESC stock opened at $436.98 on Monday. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 33.38 and a beta of 1.70. 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 12-month low of $146.51 and a 12-month high of $442.93. The firm has a fifty day moving average of $372.71 and a 200-day moving average of $307.83.

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

Insider Buying and Selling

In other news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of IES stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $380.74, for a total value of $2,593,220.14. Following the completion of the transaction, the chairman 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 145,837 shares of company stock valued at $53,984,109 in the last ninety days. Company insiders own 56.76% of the company’s stock.

IES 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.