Thrivent Financial for Lutherans Decreases Stake in IES Holdings, Inc. $IESC

Thrivent Financial for Lutherans cut its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 13.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,647 shares of the technology company’s stock after selling 33,794 shares during the quarter. Thrivent Financial for Lutherans’ holdings in IES were worth $62,104,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of IES by 1.8% during the 1st quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock worth $8,866,000 after acquiring an additional 966 shares during the period. Atria Investments Inc acquired a new stake in IES during the second quarter worth about $291,000. Credit Agricole S A raised its stake in IES by 52.5% during the first quarter. Credit Agricole S A now owns 12,382 shares of the technology company’s stock worth $2,044,000 after purchasing an additional 4,262 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in IES in the 2nd quarter valued at about $243,000. Finally, Apis Capital Advisors LLC boosted its holdings in IES by 71.6% in the 1st quarter. Apis Capital Advisors LLC now owns 38,000 shares of the technology company’s stock valued at $6,274,000 after purchasing an additional 15,860 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Activity

In related news, CEO Matthew J. Simmes sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $406.96, for a total transaction of $4,069,600.00. Following the completion of the transaction, the chief executive officer directly owned 98,575 shares in the company, valued at $40,116,082. This trade represents a 9.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $473.25, for a total transaction of $36,156,300.00. Following the sale, the chairman owned 10,595,320 shares in the company, valued at $5,014,235,190. This trade represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 216,961 shares of company stock worth $96,066,820 in the last quarter. Insiders own 56.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a report on Monday, December 8th. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, IES currently has an average rating of “Buy”.

IES Stock Performance

IES stock opened at $460.16 on Monday. The company has a market capitalization of $9.13 billion, a PE ratio of 30.64 and a beta of 1.75. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $482.35. The firm has a 50 day moving average price of $401.25 and a 200 day moving average price of $353.68.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, November 21st. The technology company reported $3.77 EPS for the quarter. IES had a return on equity of 38.61% and a net margin of 8.99%.The company had revenue of $897.80 million for the quarter.

IES Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.