Versor Investments LP Makes New Investment in IES Holdings, Inc. $IESC

Versor Investments LP acquired a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) in the second quarter, Holdings Channel reports. The fund acquired 2,300 shares of the technology company’s stock, valued at approximately $681,000.

A number of other hedge funds also recently added to or reduced their stakes in IESC. Lord Abbett & CO. LLC acquired a new stake in IES during the 1st quarter worth approximately $16,853,000. United Capital Management of KS Inc. purchased a new position in shares of IES during the 2nd quarter worth approximately $13,589,000. Congress Asset Management Co. purchased a new position in shares of IES during the 2nd quarter worth approximately $10,265,000. Nuveen LLC purchased a new position in shares of IES during the 1st quarter worth approximately $5,193,000. Finally, Swedbank AB purchased a new position in shares of IES during the 1st quarter worth approximately $3,137,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IESC. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of IES in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IES has an average rating of “Buy”.

Insider Transactions at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of IES stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $373.92, for a total transaction of $20,752,560.00. Following the completion of the transaction, the chairman directly owned 10,801,028 shares of the company’s stock, valued at approximately $4,038,720,389.76. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 145,837 shares of company stock worth $53,984,109 over the last ninety days. Insiders own 56.76% of the company’s stock.

IES Stock Performance

Shares of IESC stock opened at $395.58 on Tuesday. The stock has a fifty day moving average price of $380.96 and a 200 day moving average price of $317.89. The stock has a market cap of $7.85 billion, a PE ratio of 30.22 and a beta of 1.70. IES Holdings, Inc. has a 1 year low of $146.51 and a 1 year high of $442.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $0.40. The firm 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%.

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.