AltraVue Capital LLC Cuts Position in IES Holdings, Inc. (NASDAQ:IESC)

AltraVue Capital LLC decreased its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 30.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 269,689 shares of the technology company’s stock after selling 118,207 shares during the quarter. IES comprises approximately 3.7% of AltraVue Capital LLC’s portfolio, making the stock its 11th biggest holding. AltraVue Capital LLC owned about 1.33% of IES worth $37,576,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. raised its position in IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after acquiring an additional 194 shares in the last quarter. Quest Partners LLC raised its position in IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after acquiring an additional 86 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in IES in the first quarter worth $48,000. Contravisory Investment Management Inc. purchased a new position in IES in the second quarter worth $48,000. Finally, CWM LLC raised its position in IES by 252.7% in the second quarter. CWM LLC now owns 582 shares of the technology company’s stock worth $81,000 after acquiring an additional 417 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Stock Up 0.8 %

Shares of IESC stock opened at $165.55 on Thursday. IES Holdings, Inc. has a fifty-two week low of $59.75 and a fifty-two week high of $196.05. The stock has a market cap of $3.35 billion, a P/E ratio of 24.97 and a beta of 1.38. The business has a fifty day simple moving average of $160.60 and a 200-day simple moving average of $143.55.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, August 2nd. The technology company reported $2.67 earnings per share for the quarter. IES had a return on equity of 34.38% and a net margin of 6.30%. The business had revenue of $768.40 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com cut IES from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $160.61, for a total value of $8,152,242.38. Following the completion of the transaction, the chief executive officer now owns 11,134,087 shares in the company, valued at $1,788,245,713.07. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $158.29, for a total transaction of $7,575,917.69. Following the sale, the chief executive officer now owns 11,036,984 shares of the company’s stock, valued at $1,747,044,197.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total value of $8,152,242.38. Following the sale, the chief executive officer now directly owns 11,134,087 shares in the company, valued at approximately $1,788,245,713.07. The disclosure for this sale can be found here. Insiders sold a total of 160,966 shares of company stock worth $26,003,099 over the last 90 days. 59.19% of the stock is currently owned by corporate insiders.

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.