IES Holdings, Inc. $IESC Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 43.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,794 shares of the technology company’s stock after selling 1,380 shares during the quarter. Corient Private Wealth LLC’s holdings in IES were worth $698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IESC. International Assets Investment Management LLC purchased a new stake in IES during the fourth quarter valued at about $38,000. Steward Partners Investment Advisory LLC lifted its stake in shares of IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after purchasing an additional 77 shares in the last quarter. Global Retirement Partners LLC grew its holdings 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 worth $48,000 after purchasing an additional 46 shares during the period. Larson Financial Group LLC grew its holdings in shares of IES by 2,100.0% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock worth $51,000 after purchasing an additional 126 shares during the period. Finally, Greenline Wealth Management LLC acquired a new stake in IES during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Transactions at IES

In other news, CFO Tracy Mclauchlin sold 3,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 62,525 shares in the company, valued at approximately $41,429,690.25. This represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the business’s stock in a transaction dated 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 sale, the chairman directly owned 10,406,559 shares of the company’s stock, valued at approximately $7,872,249,686.73. This represents a 0.45% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 208,102 shares of company stock valued at $146,518,202. Insiders own 56.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Freedom Capital lowered shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, IES presently has a consensus rating of “Moderate Buy” and an average price target of $458.00.

IES Price Performance

IES stock opened at $654.00 on Friday. IES Holdings, Inc. has a 12-month low of $291.00 and a 12-month high of $804.00. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 34.88 and a beta of 1.78. The firm’s fifty day moving average price is $685.57 and its 200 day moving average price is $540.48.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share 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.

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.