Aurora Investment Counsel Sells 18,377 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Aurora Investment Counsel cut its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 86.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,867 shares of the technology company’s stock after selling 18,377 shares during the period. Aurora Investment Counsel’s holdings in IES were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of IESC. SG Americas Securities LLC bought a new stake in shares of IES in the second quarter valued at about $3,328,000. Breach Inlet Capital Management LLC purchased a new stake in shares of IES in the 4th quarter worth approximately $10,239,000. BNP Paribas Financial Markets lifted its position in shares of IES by 31.1% in the 1st quarter. BNP Paribas Financial Markets now owns 20,727 shares of the technology company’s stock worth $2,521,000 after purchasing an additional 4,913 shares during the period. Truvestments Capital LLC bought a new position in shares of IES during the first quarter valued at approximately $499,000. Finally, Acadian Asset Management LLC increased its holdings in IES by 1,863.1% during the first quarter. Acadian Asset Management LLC now owns 12,446 shares of the technology company’s stock valued at $1,512,000 after buying an additional 11,812 shares during the period. 86.60% of the stock is owned by institutional investors.

IES Price Performance

IESC opened at $199.62 on Tuesday. The firm has a market capitalization of $4.04 billion, a PE ratio of 30.11 and a beta of 1.38. The business’s 50-day moving average is $167.08 and its two-hundred day moving average is $148.60. IES Holdings, Inc. has a 1 year low of $59.75 and a 1 year high of $207.05.

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

IES announced that its Board of Directors has approved a share buyback program on Friday, August 2nd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the technology company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

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 related news, CFO Tracy Mclauchlin sold 5,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $176.73, for a total transaction of $883,650.00. Following the transaction, the chief financial officer now directly owns 64,377 shares in the company, valued at approximately $11,377,347.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of IES stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total transaction of $8,152,242.38. Following the completion of the sale, the chief executive officer now directly owns 11,134,087 shares in the company, valued at $1,788,245,713.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $176.73, for a total transaction of $883,650.00. Following the sale, the chief financial officer now directly owns 64,377 shares in the company, valued at $11,377,347.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 160,966 shares of company stock worth $26,003,099. Insiders own 59.19% 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.