Franklin Resources Inc. Has $44.31 Million Stake in IES Holdings, Inc. $IESC

Franklin Resources Inc. boosted its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 17.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 149,573 shares of the technology company’s stock after purchasing an additional 21,738 shares during the period. Franklin Resources Inc.’s holdings in IES were worth $44,308,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new stake in shares of IES in the second quarter worth $25,000. Nisa Investment Advisors LLC raised its position in IES by 841.7% during the second 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 period. Blue Trust Inc. lifted its stake in IES by 82.7% in the 2nd quarter. Blue Trust Inc. now owns 243 shares of the technology company’s stock worth $72,000 after acquiring an additional 110 shares in the last quarter. Farther Finance Advisors LLC boosted its position in IES by 54,800.0% during the 2nd 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in IES during the 2nd quarter valued at about $205,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Stock Up 1.2%

Shares of IES stock opened at $407.50 on Wednesday. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 31.13 and a beta of 1.70. The stock has a 50-day simple moving average of $388.16 and a 200-day simple moving average of $337.30. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $442.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, November 21st. The technology company reported $3.77 EPS for the quarter. The firm had revenue of $897.80 million for the quarter. IES had a return on equity of 37.23% and a net margin of 8.15%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on IESC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of IES in a research report on Monday. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Insider Activity at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $373.92, for a total transaction of $20,752,560.00. Following the transaction, the chairman owned 10,801,028 shares in the company, valued at approximately $4,038,720,389.76. This trade represents a 0.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 122,663 shares of company stock worth $45,653,543. Corporate insiders own 56.76% of the company’s stock.

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.