Handelsbanken Fonder AB Has $1.48 Million Stock Position in IES Holdings, Inc. $IESC

Handelsbanken Fonder AB lifted its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 28.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 5,000 shares of the technology company’s stock after purchasing an additional 1,100 shares during the period. Handelsbanken Fonder AB’s holdings in IES were worth $1,481,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IESC. Opal Wealth Advisors LLC acquired a new position in IES during the 2nd quarter valued at about $25,000. Nisa Investment Advisors LLC lifted its holdings in shares of IES by 841.7% in the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after purchasing an additional 101 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 purchasing an additional 110 shares in the last quarter. Farther Finance Advisors LLC boosted 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 valued at $163,000 after buying an additional 548 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in IES during the second quarter worth $205,000. Institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a research note on Monday. Wall Street Zen downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Insiders Place Their Bets

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the business’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 sale, the chairman owned 10,801,028 shares of the company’s stock, valued at $4,038,720,389.76. The trade was a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 86,811 shares of company stock valued at $32,635,682. 56.76% of the stock is currently owned by insiders.

IES Trading Up 3.3%

Shares of IES stock opened at $420.75 on Thursday. 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 capitalization of $8.35 billion, a P/E ratio of 32.14 and a beta of 1.70. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $442.93. The stock’s 50-day simple moving average is $389.42 and its 200 day simple moving average is $337.88.

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

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.