AltraVue Capital LLC Sells 23,630 Shares of IES Holdings, Inc. $IESC

AltraVue Capital LLC trimmed its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,637 shares of the technology company’s stock after selling 23,630 shares during the quarter. IES comprises 4.6% of AltraVue Capital LLC’s portfolio, making the stock its 8th biggest holding. AltraVue Capital LLC’s holdings in IES were worth $55,489,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IESC. Los Angeles Capital Management LLC acquired a new stake in shares of IES in the fourth quarter valued at about $177,000. Comprehensive Financial Planning Inc. PA grew its position in shares of IES by 11.8% in the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 929 shares of the technology company’s stock valued at $361,000 after purchasing an additional 98 shares during the last quarter. XML Financial LLC grew its position in shares of IES by 54.7% in the fourth quarter. XML Financial LLC now owns 851 shares of the technology company’s stock valued at $331,000 after purchasing an additional 301 shares during the last quarter. Vestcor Inc grew its position in shares of IES by 166.1% in the fourth quarter. Vestcor Inc now owns 1,602 shares of the technology company’s stock valued at $623,000 after purchasing an additional 1,000 shares during the last quarter. Finally, State of Wyoming grew its position in shares of IES by 0.9% in the fourth quarter. State of Wyoming now owns 23,262 shares of the technology company’s stock valued at $9,049,000 after purchasing an additional 197 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports 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 cut shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, IES has a consensus rating of “Moderate Buy” and a consensus price target of $458.00.

IES Trading Down 2.9%

NASDAQ:IESC opened at $720.72 on Friday. IES Holdings, Inc. has a 1 year low of $259.30 and a 1 year high of $744.88. The firm has a 50 day moving average of $603.31 and a 200-day moving average of $498.25. The stock has a market capitalization of $14.36 billion, a P/E ratio of 38.44 and a beta of 1.78.

IES (NASDAQ:IESC) last posted its 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 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 analysts’ expectations of $1.01 billion.

Insider Activity at IES

In other IES news, Director Todd M. Cleveland sold 11,578 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $663.52, for a total transaction of $7,682,234.56. Following the completion of the sale, the director owned 65,817 shares in the company, valued at approximately $43,670,895.84. The trade was a 14.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,987,830.00. Following the sale, the chief financial officer owned 62,525 shares of the company’s stock, valued at $41,429,690.25. The trade was a 4.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 156,382 shares of company stock worth $107,366,474. Company insiders own 56.43% of the company’s stock.

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.