Strs Ohio Purchases 12,800 Shares of IES Holdings Inc (IESC)
Strs Ohio raised its position in IES Holdings Inc (NASDAQ:IESC) by 609.5% during the second quarter, HoldingsChannel reports. The firm owned 14,900 shares of the technology company’s stock after buying an additional 12,800 shares during the quarter. Strs Ohio’s holdings in IES were worth $249,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of IESC. Gabelli Funds LLC purchased a new position in IES in the first quarter valued at about $167,000. Rhumbline Advisers purchased a new position in IES in the second quarter valued at about $169,000. Finally, Bank of New York Mellon Corp grew its stake in IES by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 108,621 shares of the technology company’s stock valued at $1,820,000 after purchasing an additional 5,572 shares in the last quarter. Hedge funds and other institutional investors own 77.55% of the company’s stock.
A number of research analysts have commented on IESC shares. BidaskClub downgraded IES from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. TheStreet upgraded IES from a “c” rating to a “b-” rating in a research note on Friday, June 1st.
Shares of NASDAQ IESC opened at $19.10 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.50 and a debt-to-equity ratio of 0.14. IES Holdings Inc has a one year low of $14.90 and a one year high of $20.25. The stock has a market capitalization of $411.92 million, a price-to-earnings ratio of 26.61 and a beta of 0.23.
IES (NASDAQ:IESC) last issued its earnings results on Friday, August 3rd. The technology company reported $0.42 EPS for the quarter. IES had a positive return on equity of 9.47% and a negative net margin of 1.87%. The firm had revenue of $232.60 million for the quarter.
IES Company Profile
IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. The company's Commercial & Industrial segment provides electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.
Further Reading: Risk Tolerance and Your Investment Decisions
Want to see what other hedge funds are holding IESC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IES Holdings Inc (NASDAQ:IESC).
Receive News & Ratings for IES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IES and related companies with MarketBeat.com's FREE daily email newsletter.