DUTCH ASSET Corp Makes New Investment in IES Holdings, Inc. $IESC

DUTCH ASSET Corp purchased a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 974 shares of the technology company’s stock, valued at approximately $379,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of IES by 7.5% in the fourth quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock valued at $156,000 after buying an additional 28 shares during the period. GAMMA Investing LLC raised its position in IES by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock worth $95,000 after acquiring an additional 31 shares in the last quarter. Comerica Bank lifted its holdings in IES by 11.8% in the 4th quarter. Comerica Bank now owns 418 shares of the technology company’s stock valued at $162,000 after acquiring an additional 44 shares during the last quarter. Global Retirement Partners LLC boosted its position in shares of IES by 59.0% during the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after purchasing an additional 46 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of IES by 1.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company’s stock valued at $1,468,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on IESC shares. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, IES currently has an average rating of “Moderate Buy” and a consensus price target of $458.00.

Insider Transactions at IES

In other IES news, Director Todd M. Cleveland sold 5,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $761.89, for a total value of $3,809,450.00. Following the completion of the sale, the director owned 60,874 shares in the company, valued at $46,379,291.86. This represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tracy Mclauchlin sold 3,000 shares of IES 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 directly owned 62,525 shares of the company’s stock, valued at $41,429,690.25. This trade represents a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 208,102 shares of company stock valued at $146,518,202 over the last three months. 56.43% of the stock is owned by corporate insiders.

IES Stock Up 0.1%

IESC opened at $712.87 on Friday. IES Holdings, Inc. has a 12-month low of $265.00 and a 12-month high of $779.00. The firm has a market capitalization of $14.20 billion, a P/E ratio of 38.02 and a beta of 1.78. The stock has a fifty day moving average of $650.32 and a 200-day moving average of $521.11.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, topping analysts’ consensus estimates of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The firm had revenue of $974.20 million during 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.