Inceptionr LLC lifted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC – Free Report) by 148.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,349 shares of the technology company’s stock after acquiring an additional 805 shares during the quarter. Inceptionr LLC’s holdings in IES were worth $643,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in IESC. Militia Capital Management LLC acquired a new stake in shares of IES in the first quarter valued at about $218,000. Petra Financial Advisors Inc. lifted its position in shares of IES by 2.3% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,843 shares of the technology company’s stock worth $878,000 after purchasing an additional 41 shares during the last quarter. First Trust Advisors LP boosted its stake in IES by 40.4% during the 1st quarter. First Trust Advisors LP now owns 349,163 shares of the technology company’s stock valued at $166,366,000 after purchasing an additional 100,425 shares during the period. Florida Financial Advisors LLC boosted its stake in IES by 18.7% during the 1st quarter. Florida Financial Advisors LLC now owns 4,548 shares of the technology company’s stock valued at $2,167,000 after purchasing an additional 715 shares during the period. Finally, Parallel Advisors LLC grew its holdings in IES by 121.4% in the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after buying an additional 34 shares during the last quarter. 86.60% of the stock is owned by institutional investors.
Insider Buying and Selling at IES
In related news, CFO Tracy Mclauchlin sold 3,000 shares of IES stock in a transaction on Friday, May 8th. The stock was sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the completion of the sale, the chief financial officer directly owned 62,525 shares of the company’s stock, valued at $41,429,690.25. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $756.47, for a total value of $35,342,278.40. Following the completion of the sale, the chairman directly owned 10,406,559 shares of the company’s stock, valued at approximately $7,872,249,686.73. This trade represents a 0.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 208,102 shares of company stock worth $146,518,202. Insiders own 56.43% of the company’s stock.
Analysts Set New Price Targets
IES Price Performance
Shares of IESC opened at $626.07 on Friday. The company has a market capitalization of $12.47 billion, a P/E ratio of 33.39 and a beta of 1.78. The business’s 50 day simple moving average is $680.83 and its 200-day simple moving average is $563.90. IES Holdings, Inc. has a one year low of $309.51 and a one year high of $804.00.
IES (NASDAQ:IESC – Get Free Report) last announced its earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.95 by $0.21. IES had a net margin of 10.40% and a return on equity of 33.97%. The company had revenue of $974.20 million for the quarter, compared to analyst estimates 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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