Dimensional Fund Advisors LP Has $218.15 Million Stock Holdings in IES Holdings, Inc. $IESC

Dimensional Fund Advisors LP lifted its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 457,949 shares of the technology company’s stock after purchasing an additional 882 shares during the quarter. Dimensional Fund Advisors LP owned 2.30% of IES worth $218,150,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in IES by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 274,725 shares of the technology company’s stock worth $106,887,000 after acquiring an additional 6,349 shares in the last quarter. Pertento Partners LLP increased its holdings in shares of IES by 17.1% in the fourth quarter. Pertento Partners LLP now owns 209,351 shares of the technology company’s stock worth $81,442,000 after acquiring an additional 30,583 shares in the last quarter. State Street Corp increased its holdings in shares of IES by 1.2% in the fourth quarter. State Street Corp now owns 205,905 shares of the technology company’s stock worth $80,101,000 after acquiring an additional 2,517 shares in the last quarter. Morgan Stanley raised its position in shares of IES by 7.7% during the fourth quarter. Morgan Stanley now owns 171,488 shares of the technology company’s stock worth $66,713,000 after purchasing an additional 12,232 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of IES by 25.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 164,722 shares of the technology company’s stock valued at $64,080,000 after purchasing an additional 33,273 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at IES

In related news, CFO Tracy Mclauchlin sold 3,000 shares of the firm’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 owned 62,525 shares of the company’s stock, valued at approximately $41,429,690.25. This trade represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Todd M. Cleveland sold 5,000 shares of IES stock in a transaction on Friday, June 12th. The shares were sold at an average price of $761.89, for a total transaction 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. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 208,102 shares of company stock valued at $146,518,202 over the last 90 days. 56.43% of the stock is owned by corporate insiders.

IES Price Performance

IESC stock opened at $663.70 on Friday. The business has a 50-day moving average of $681.95 and a 200-day moving average of $563.46. IES Holdings, Inc. has a fifty-two week low of $309.51 and a fifty-two week high of $804.00. The stock has a market capitalization of $13.22 billion, a P/E ratio of 35.40 and a beta of 1.78.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.95 by $0.21. The firm had revenue of $974.20 million during the quarter, compared to the consensus estimate of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on IESC. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research note on Thursday, June 18th. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Freedom Capital downgraded shares of IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $458.00.

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.