Keystone Investors PTE Ltd. purchased a new position in IES Holdings, Inc. (NASDAQ:IESC – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,734 shares of the technology company’s stock, valued at approximately $675,000.
Other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of IES in the fourth quarter valued at $38,000. Steward Partners Investment Advisory LLC grew its position in shares of IES by 366.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after purchasing an additional 77 shares during the period. Global Retirement Partners LLC grew its position in shares of IES by 59.0% in the fourth quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after purchasing an additional 46 shares during the period. Larson Financial Group LLC grew its position in shares of IES by 2,100.0% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock valued at $51,000 after purchasing an additional 126 shares during the period. Finally, IFP Advisors Inc grew its position in shares of IES by 77.1% in the third quarter. IFP Advisors Inc now owns 147 shares of the technology company’s stock valued at $58,000 after purchasing an additional 64 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, IES has a consensus rating of “Moderate Buy” and a consensus target price of $458.00.
IES Trading Up 2.5%
IESC stock opened at $749.83 on Friday. The stock has a 50-day moving average price of $628.83 and a two-hundred day moving average price of $510.86. IES Holdings, Inc. has a 12-month low of $261.11 and a 12-month high of $768.00. The company has a market cap of $14.94 billion, a PE ratio of 39.99 and a beta of 1.78.
IES (NASDAQ:IESC – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The firm had revenue of $974.20 million during the quarter, compared to the consensus estimate of $1.01 billion.
Insider Transactions at IES
In related news, CFO Tracy Mclauchlin sold 3,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $662.61, for a total value of $1,987,830.00. Following the completion of the sale, the chief financial officer directly owned 62,525 shares in the company, valued at approximately $41,429,690.25. This represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew J. Simmes sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total value of $4,607,680.00. Following the completion of the transaction, the chief executive officer directly owned 86,575 shares in the company, valued at $56,987,128. This trade represents a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 156,382 shares of company stock worth $107,366,474 in the last three months. 56.43% of the stock is currently owned by insiders.
IES Profile
IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.
Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.
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