Pertento Partners LLP Acquires New Holdings in IES Holdings, Inc. $IESC

Pertento Partners LLP acquired a new position in IES Holdings, Inc. (NASDAQ:IESC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 158,378 shares of the technology company’s stock, valued at approximately $46,916,000. IES makes up about 4.2% of Pertento Partners LLP’s holdings, making the stock its 9th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Lord Abbett & CO. LLC bought a new position in shares of IES in the 1st quarter worth $16,853,000. United Capital Management of KS Inc. purchased a new position in IES in the second quarter valued at about $13,589,000. Arrowstreet Capital Limited Partnership raised its holdings in IES by 50.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 110,313 shares of the technology company’s stock worth $32,678,000 after purchasing an additional 36,845 shares in the last quarter. Congress Asset Management Co. purchased a new stake in shares of IES during the second quarter valued at about $10,265,000. Finally, Nuveen LLC purchased a new position in shares of IES in the 1st quarter worth approximately $5,193,000. Institutional investors own 86.60% of the company’s stock.

IES Stock Up 0.6%

Shares of IES stock opened at $419.33 on Thursday. The company has a 50 day moving average price of $392.66 and a 200 day moving average price of $343.08. The firm has a market capitalization of $8.33 billion, a P/E ratio of 27.92 and a beta of 1.75. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $442.93.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Friday, November 21st. The technology company reported $3.77 earnings per share (EPS) for the quarter. The business had revenue of $897.80 million for the quarter. IES had a net margin of 8.99% and a return on equity of 36.43%.

Insider Activity at IES

In related news, CEO Matthew J. Simmes sold 10,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $406.96, for a total value of $4,069,600.00. Following the completion of the transaction, the chief executive officer owned 98,575 shares in the company, valued at $40,116,082. This trade represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $411.48, for a total value of $2,057,400.00. Following the sale, the chief financial officer directly owned 65,525 shares of the company’s stock, valued at approximately $26,962,227. This represents a 7.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 101,811 shares of company stock valued at $38,762,682 in the last ninety days. Company insiders own 56.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of IES in a research report on Monday. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

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.