7,209 Shares in IES Holdings, Inc. $IESC Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,209 shares of the technology company’s stock, valued at approximately $2,826,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IESC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of IES by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock worth $810,000 after acquiring an additional 223 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in IES by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock valued at $3,762,000 after purchasing an additional 1,435 shares in the last quarter. Prudential Financial Inc. purchased a new position in IES in the second quarter valued at about $365,000. Quantbot Technologies LP bought a new position in IES in the second quarter worth about $89,000. Finally, Invesco Ltd. raised its holdings in IES by 43.7% in the second quarter. Invesco Ltd. now owns 91,567 shares of the technology company’s stock worth $27,125,000 after purchasing an additional 27,849 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

IES Price Performance

IES stock opened at $714.90 on Monday. The stock has a 50-day moving average price of $670.67 and a 200 day moving average price of $532.99. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 38.13 and a beta of 1.78. IES Holdings, Inc. has a 52 week low of $281.35 and a 52 week high of $804.00.

IES (NASDAQ:IESC) last posted its quarterly 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 during the quarter, compared to analyst estimates of $1.01 billion.

Wall Street Analyst Weigh In

IESC has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a research note on Thursday, June 18th. Finally, Freedom Capital cut 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 given a Hold rating to the stock. According to data from MarketBeat.com, IES presently has a consensus rating of “Moderate Buy” and a consensus target price of $458.00.

Insider Transactions at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $756.47, for a total transaction of $35,342,278.40. Following the completion of the transaction, the chairman owned 10,406,559 shares of the company’s stock, valued at $7,872,249,686.73. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 completion of the sale, the chief financial officer directly owned 62,525 shares in the company, valued at approximately $41,429,690.25. The trade was a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 208,102 shares of company stock worth $146,518,202 over the last 90 days. 56.43% of the stock is currently owned by company 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.