AdvisorShares Investments LLC Has $7.86 Million Stake in IES Holdings, Inc. $IESC

AdvisorShares Investments LLC trimmed its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 8.8% during the 1st quarter, HoldingsChannel reports. The firm owned 16,485 shares of the technology company’s stock after selling 1,583 shares during the quarter. IES accounts for 1.4% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 13th biggest holding. AdvisorShares Investments LLC’s holdings in IES were worth $7,855,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Dakota Wealth Management acquired a new stake in shares of IES in the fourth quarter worth $1,018,000. First Trust Advisors LP grew its holdings in shares of IES by 982.7% during the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock valued at $128,796,000 after buying an additional 293,977 shares in the last quarter. Pertento Partners LLP raised its position in IES by 12.9% during the third quarter. Pertento Partners LLP now owns 178,768 shares of the technology company’s stock valued at $71,087,000 after buying an additional 20,390 shares during the period. SG Americas Securities LLC lifted its stake in IES by 729.2% in the 4th quarter. SG Americas Securities LLC now owns 11,285 shares of the technology company’s stock worth $4,390,000 after acquiring an additional 9,924 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in IES during the 3rd quarter worth about $1,117,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on IESC shares. Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $458.00.

IES Stock Performance

IESC opened at $654.00 on Friday. The stock has a fifty day moving average price of $685.57 and a 200 day moving average price of $540.48. IES Holdings, Inc. has a 1 year low of $291.00 and a 1 year high of $804.00. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 34.88 and a beta of 1.78.

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

Insider Activity at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the firm’s stock in a transaction that occurred 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 transaction, the chairman owned 10,406,559 shares of the company’s stock, valued at approximately $7,872,249,686.73. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tracy Mclauchlin sold 3,000 shares of IES stock in a transaction that occurred 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 owned 62,525 shares of the company’s stock, valued at $41,429,690.25. This trade represents a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 208,102 shares of company stock valued at $146,518,202. 56.43% of the stock is owned by corporate insiders.

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.