Cavalier Investments LLC Decreases Stock Holdings in IES Holdings, Inc. $IESC

Cavalier Investments LLC reduced its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,564 shares of the technology company’s stock after selling 92 shares during the quarter. Cavalier Investments LLC’s holdings in IES were worth $1,648,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new stake in IES in the first quarter valued at about $16,853,000. Congress Asset Management Co. purchased a new stake in IES in the second quarter valued at about $10,265,000. Nuveen LLC purchased a new stake in IES in the first quarter valued at about $5,193,000. Swedbank AB purchased a new stake in IES in the first quarter valued at about $3,137,000. Finally, Apis Capital Advisors LLC raised its stake in IES by 71.6% in the first quarter. Apis Capital Advisors LLC now owns 38,000 shares of the technology company’s stock valued at $6,274,000 after buying an additional 15,860 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IESC has been the subject of a number of research analyst reports. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of IES in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, IES currently has an average rating of “Buy”.

Insider Activity

In other news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the firm’s 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 in the company, valued at $4,038,720,389.76. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 145,837 shares of company stock valued at $53,984,109 in the last three months. Company insiders own 56.76% of the company’s stock.

IES Trading Up 0.9%

Shares of NASDAQ:IESC opened at $396.48 on Wednesday. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $405.00. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 30.29 and a beta of 1.70. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $369.47 and a 200-day moving average price of $302.26.

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

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.