Savant Capital LLC Buys 1,183 Shares of IES Holdings, Inc. $IESC

Savant Capital LLC grew its stake in IES Holdings, Inc. (NASDAQ:IESC) by 75.3% in the second quarter, HoldingsChannel reports. The fund owned 2,754 shares of the technology company’s stock after acquiring an additional 1,183 shares during the period. Savant Capital LLC’s holdings in IES were worth $816,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of IES in the second quarter valued at approximately $25,000. Nisa Investment Advisors LLC boosted its position in IES by 841.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after buying an additional 101 shares during the last quarter. Blue Trust Inc. increased its stake in shares of IES by 82.7% in the 2nd quarter. Blue Trust Inc. now owns 243 shares of the technology company’s stock valued at $72,000 after buying an additional 110 shares during the period. Farther Finance Advisors LLC raised its position in shares of IES by 54,800.0% during 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 last quarter. Finally, ORG Partners LLC acquired a new position in shares of IES during the second quarter valued at $207,000. 86.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IESC. Weiss Ratings reiterated 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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

IES Trading Down 7.9%

NASDAQ:IESC opened at $358.36 on Friday. 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 1-year low of $146.51 and a 1-year high of $442.93. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 27.38 and a beta of 1.70. The business’s 50-day moving average price is $387.21 and its two-hundred day moving average price is $327.54.

Insider Activity at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the stock in a transaction that occurred on 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 sale, 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 SEC, which is available at this link. Over the last three months, insiders sold 144,127 shares of company stock valued at $53,376,290. Corporate insiders own 56.76% of the company’s stock.

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.