Northwestern Mutual Wealth Management Co. boosted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC – Free Report) by 324,337.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,042 shares of the technology company’s stock after acquiring an additional 120,005 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in IES were worth $46,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its holdings in IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after acquiring an additional 60 shares during the period. International Assets Investment Management LLC purchased a new stake in IES during the 4th quarter valued at about $38,000. Federated Hermes Inc. boosted its holdings in IES by 91.3% during the 3rd quarter. Federated Hermes Inc. now owns 132 shares of the technology company’s stock valued at $52,000 after acquiring an additional 63 shares during the period. IFP Advisors Inc boosted its holdings in IES by 77.1% during the 3rd quarter. IFP Advisors Inc now owns 147 shares of the technology company’s stock valued at $58,000 after acquiring an additional 64 shares during the period. Finally, US Bancorp DE boosted its holdings in IES by 255.0% during the 3rd quarter. US Bancorp DE now owns 213 shares of the technology company’s stock valued at $85,000 after acquiring an additional 153 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Todd M. Cleveland sold 11,578 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $663.52, for a total value of $7,682,234.56. Following the completion of the transaction, the director owned 65,817 shares of the company’s stock, valued at approximately $43,670,895.84. This represents a 14.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jeffrey L. Et Al Gendell sold 39,361 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $694.01, for a total value of $27,316,927.61. Following the completion of the transaction, the chairman directly owned 10,485,644 shares of the company’s stock, valued at $7,277,141,792.44. This represents a 0.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 136,517 shares of company stock worth $90,872,438. Corporate insiders own 56.43% of the company’s stock.
Wall Street Analysts Forecast Growth
IES Stock Performance
NASDAQ IESC opened at $654.28 on Tuesday. IES Holdings, Inc. has a fifty-two week low of $235.99 and a fifty-two week high of $700.20. The stock has a 50 day simple moving average of $538.39 and a two-hundred day simple moving average of $470.04. The stock has a market cap of $13.04 billion, a P/E ratio of 34.89 and a beta of 1.81.
IES (NASDAQ:IESC – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share for the quarter, topping the consensus estimate of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The business had revenue of $974.20 million during the quarter, compared to analysts’ expectations of $1.01 billion.
About IES
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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