IES Holdings, Inc. $IESC Shares Sold by AdvisorShares Investments LLC

AdvisorShares Investments LLC lessened its position in IES Holdings, Inc. (NASDAQ:IESC) by 46.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,068 shares of the technology company’s stock after selling 15,494 shares during the period. AdvisorShares Investments LLC’s holdings in IES were worth $7,029,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IESC. First Trust Advisors LP raised its position in shares of IES by 982.7% in the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock valued at $128,796,000 after buying an additional 293,977 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of IES by 324,337.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 120,042 shares of the technology company’s stock valued at $46,699,000 after buying an additional 120,005 shares during the last quarter. Norges Bank acquired a new position in shares of IES in the fourth quarter valued at approximately $40,578,000. SG Capital Management LLC acquired a new position in shares of IES in the third quarter valued at approximately $38,609,000. Finally, Parsifal Capital Management LP acquired a new position in shares of IES in the third quarter valued at approximately $25,768,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on IESC shares. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Loop Capital set a $458.00 price target on shares of IES in a research report on Tuesday, February 3rd. Finally, Freedom Capital lowered shares of IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, IES presently has a consensus rating of “Moderate Buy” and an average price target of $458.00.

IES Stock Down 2.9%

IES stock opened at $678.35 on Friday. IES Holdings, Inc. has a 52-week low of $246.43 and a 52-week high of $713.82. The firm has a fifty day moving average of $579.13 and a 200-day moving average of $486.64. The firm has a market capitalization of $13.52 billion, a P/E ratio of 36.18 and a beta of 1.81.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.01 billion.

Insider Buying and Selling at IES

In other news, CFO Tracy Mclauchlin sold 3,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $662.61, for a total value of $1,987,830.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jeffrey L. Et Al Gendell sold 30,310 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $705.93, for a total transaction of $21,396,738.30. Following the completion of the transaction, the chairman owned 10,453,279 shares of the company’s stock, valued at $7,379,283,244.47. This trade represents a 0.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 158,882 shares of company stock worth $108,621,368 over 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.