Oakwell Private Wealth Management LLC Has $701,000 Stock Holdings in IES Holdings, Inc. $IESC

Oakwell Private Wealth Management LLC lessened its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 76.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,367 shares of the technology company’s stock after selling 7,672 shares during the quarter. Oakwell Private Wealth Management LLC’s holdings in IES were worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in IES during the second quarter valued at approximately $25,000. Nisa Investment Advisors LLC grew its holdings 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 purchasing an additional 101 shares during the last quarter. Blue Trust Inc. grew its holdings in IES by 82.7% during 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 during the last quarter. Farther Finance Advisors LLC grew its stake in shares of IES by 54,800.0% in 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 stake in shares of IES in the second quarter worth $207,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Stock Up 0.9%

IESC opened at $395.58 on Tuesday. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two 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. The firm’s fifty day moving average price is $380.96 and its two-hundred day moving average price is $317.89. The company has a market capitalization of $7.85 billion, a P/E ratio of 30.22 and a beta of 1.70.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share for the quarter, topping analysts’ consensus estimates of $3.55 by $0.40. IES had a net margin of 8.15% and a return on equity of 37.23%. The firm had revenue of $890.20 million for the quarter, compared to the consensus estimate of $833.00 million.

Insider Activity

In related news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of IES stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $373.92, for a total value 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 $4,038,720,389.76. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 145,837 shares of company stock valued at $53,984,109 over the last three months. Insiders own 56.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a research note on Tuesday, October 14th. Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IES currently has a consensus rating of “Buy”.

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.