Petra Financial Advisors Inc. Invests $531,000 in IES Holdings, Inc. $IESC

Petra Financial Advisors Inc. acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,793 shares of the technology company’s stock, valued at approximately $531,000.

Several other hedge funds also recently bought and sold shares of the stock. Insight Wealth Strategies LLC grew its holdings in IES by 4.9% in the second quarter. Insight Wealth Strategies LLC now owns 1,404 shares of the technology company’s stock valued at $406,000 after purchasing an additional 66 shares during the period. Boston Partners boosted its stake in IES by 3.0% during the 1st quarter. Boston Partners now owns 2,870 shares of the technology company’s stock valued at $474,000 after acquiring an additional 84 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of IES in the 2nd quarter worth about $25,000. Principal Financial Group Inc. lifted its stake in IES by 1.1% in the first quarter. Principal Financial Group Inc. now owns 8,447 shares of the technology company’s stock valued at $1,395,000 after buying an additional 95 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in shares of IES by 7.6% during the first quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company’s stock valued at $221,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Transactions at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $380.74, for a total transaction of $2,593,220.14. Following the sale, the chairman directly owned 10,769,717 shares in the company, valued at $4,100,462,050.58. This represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders sold 145,837 shares of company stock valued at $53,984,109. Insiders own 56.76% of the company’s stock.

IES Price Performance

NASDAQ:IESC opened at $412.70 on Tuesday. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $442.93. The firm’s 50-day simple moving average is $374.24 and its 200 day simple moving average is $309.39. 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 firm has a market cap of $8.19 billion, a price-to-earnings ratio of 31.53 and a beta of 1.70.

IES (NASDAQ:IESC) last posted its 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 analyst estimates of $833.00 million.

Analyst Upgrades and Downgrades

IESC has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of IES in a research note on Tuesday, October 14th. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

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.