United Capital Management of KS Inc. Takes $13.59 Million Position in IES Holdings, Inc. $IESC

United Capital Management of KS Inc. acquired a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,874 shares of the technology company’s stock, valued at approximately $13,589,000. IES comprises approximately 2.1% of United Capital Management of KS Inc.’s holdings, making the stock its 13th largest holding. United Capital Management of KS Inc. owned 0.23% of IES at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in IES in the second quarter valued at approximately $25,000. Nisa Investment Advisors LLC grew its holdings in IES by 841.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after acquiring an additional 101 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in IES in the first quarter valued at $36,000. Blue Trust Inc. boosted its position in shares of IES by 82.7% during 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. Finally, Farther Finance Advisors LLC raised its holdings in 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 purchasing an additional 548 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 16th. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IES currently has an average rating of “Buy”.

Insider Transactions at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of IES stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $380.74, for a total value of $2,593,220.14. Following the completion of the transaction, the chairman owned 10,769,717 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 145,837 shares of company stock worth $53,984,109 in the last 90 days. Corporate insiders own 56.76% of the company’s stock.

IES Stock Performance

Shares of NASDAQ:IESC opened at $436.98 on Monday. The company has a market cap of $8.67 billion, a P/E ratio of 33.38 and a beta of 1.70. The business’s 50-day simple moving average is $372.71 and its 200 day simple moving average is $307.83. 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 Holdings, Inc. has a one year low of $146.51 and a one year high of $442.93.

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

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.