Moran Wealth Management LLC Decreases Stock Position in IES Holdings, Inc. $IESC

Moran Wealth Management LLC lessened its stake in IES Holdings, Inc. (NASDAQ:IESC) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,319 shares of the technology company’s stock after selling 53 shares during the period. Moran Wealth Management LLC’s holdings in IES were worth $983,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IESC. Vanguard Personalized Indexing Management LLC purchased a new stake in IES during the 2nd quarter valued at $243,000. Blue Trust Inc. increased its position in shares of IES by 82.7% in the second quarter. Blue Trust Inc. now owns 243 shares of the technology company’s stock valued at $72,000 after acquiring an additional 110 shares during the period. QRG Capital Management Inc. bought a new position in shares of IES during the second quarter valued at about $331,000. Ausbil Investment Management Ltd purchased a new stake in shares of IES during the second quarter worth about $707,000. Finally, ORG Partners LLC bought a new stake in shares of IES in the second quarter worth about $207,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the 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 directly owned 10,769,717 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 145,837 shares of company stock valued at $53,984,109. 56.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IESC has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of IES in a research report on Tuesday. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

IES Stock Performance

IES stock opened at $391.55 on Thursday. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $405.00. The stock’s 50 day simple moving average is $365.75 and its two-hundred day simple moving average is $295.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 29.91 and a beta of 1.70.

IES (NASDAQ:IESC) last released its earnings results on Friday, August 1st. The technology company reported $3.95 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 37.23% and a net margin of 8.15%.

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.