Virtu Financial LLC Acquires Shares of 2,987 IES Holdings, Inc. $IESC

Virtu Financial LLC acquired a new position in IES Holdings, Inc. (NASDAQ:IESC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,987 shares of the technology company’s stock, valued at approximately $1,162,000.

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

Analyst Ratings Changes

IESC has been the topic of a number of research analyst reports. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, IES currently has an average rating of “Moderate Buy” and an average target price of $458.00.

Insider Buying and Selling

In other news, CFO Tracy Mclauchlin sold 3,000 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $662.61, for a total value of $1,987,830.00. Following the sale, the chief financial officer directly owned 62,525 shares of the company’s stock, valued at approximately $41,429,690.25. This represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Todd M. Cleveland sold 5,000 shares of IES stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $761.89, for a total value of $3,809,450.00. Following the completion of the transaction, the director directly owned 60,874 shares of the company’s stock, valued at approximately $46,379,291.86. This represents a 7.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 208,102 shares of company stock worth $146,518,202 in the last 90 days. Insiders own 56.43% of the company’s stock.

IES Price Performance

Shares of IES stock opened at $712.87 on Friday. IES Holdings, Inc. has a 1 year low of $265.00 and a 1 year high of $779.00. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 38.02 and a beta of 1.78. The company has a 50-day moving average of $650.32 and a 200 day moving average of $521.11.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 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 business had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion.

IES Company 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.