IES Holdings, Inc. $IESC Shares Bought by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lifted its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 85.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,649 shares of the technology company’s stock after buying an additional 2,596 shares during the period. Orion Porfolio Solutions LLC’s holdings in IES were worth $1,673,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Nuveen LLC acquired a new position in IES during the first quarter worth $5,193,000. HighTower Advisors LLC grew its stake in shares of IES by 31.8% during the 1st quarter. HighTower Advisors LLC now owns 2,085 shares of the technology company’s stock worth $344,000 after purchasing an additional 503 shares during the period. American Century Companies Inc. increased its holdings in shares of IES by 1.8% in the 1st quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock valued at $8,866,000 after purchasing an additional 966 shares in the last quarter. Credit Agricole S A lifted its stake in shares of IES by 52.5% in the first quarter. Credit Agricole S A now owns 12,382 shares of the technology company’s stock valued at $2,044,000 after purchasing an additional 4,262 shares during the period. Finally, Capital Fund Management S.A. purchased a new stake in IES during the first quarter worth about $2,341,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IESC shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of IES in a report on Monday, December 8th. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Insider Activity at IES

In other news, Director David B. Gendell sold 17,867 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $452.20, for a total value of $8,079,457.40. Following the completion of the transaction, the director directly owned 70,669 shares of the company’s stock, valued at $31,956,521.80. The trade was a 20.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew J. Simmes sold 10,000 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $406.96, for a total value of $4,069,600.00. Following the completion of the sale, the chief executive officer owned 98,575 shares in the company, valued at $40,116,082. This represents a 9.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 217,661 shares of company stock valued at $96,387,385 in the last ninety days. 56.76% of the stock is owned by insiders.

IES Price Performance

Shares of NASDAQ IESC opened at $410.12 on Friday. The firm’s 50-day moving average is $404.46 and its two-hundred day moving average is $358.64. The company has a market capitalization of $8.14 billion, a PE ratio of 27.30 and a beta of 1.75. IES Holdings, Inc. has a 12-month low of $146.51 and a 12-month high of $482.35.

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

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.