Bank of New York Mellon Corp grew its position in shares of IES Holdings Inc (NASDAQ:IESC) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,621 shares of the technology company’s stock after buying an additional 5,572 shares during the period. Bank of New York Mellon Corp owned approximately 0.51% of IES worth $1,820,000 at the end of the most recent quarter.
Separately, Rhumbline Advisers bought a new position in IES during the 2nd quarter worth $169,000. 77.55% of the stock is owned by institutional investors and hedge funds.
IESC stock opened at $18.36 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. The firm has a market cap of $413.51 million, a price-to-earnings ratio of 19.90 and a beta of 0.26. IES Holdings Inc has a fifty-two week low of $14.90 and a fifty-two week high of $20.25.
IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, August 3rd. The technology company reported $0.42 earnings per share for the quarter. The firm had revenue of $232.60 million for the quarter. IES had a positive return on equity of 9.47% and a negative net margin of 1.87%.
IESC has been the topic of several recent research reports. BidaskClub cut IES from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. TheStreet cut IES from a “b-” rating to a “c+” rating in a research report on Friday, June 22nd.
In other news, Director Todd M. Cleveland acquired 5,304 shares of the stock in a transaction on Friday, September 7th. The shares were purchased at an average price of $18.93 per share, for a total transaction of $100,404.72. Following the transaction, the director now directly owns 163,675 shares of the company’s stock, valued at $3,098,367.75. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 61.70% of the stock is owned by company insiders.
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.
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