First Trust Advisors LP Grows Stock Holdings in IES Holdings, Inc. $IESC

First Trust Advisors LP raised its stake in IES Holdings, Inc. (NASDAQ:IESC) by 40.4% in the first quarter, HoldingsChannel reports. The fund owned 349,163 shares of the technology company’s stock after purchasing an additional 100,425 shares during the period. First Trust Advisors LP’s holdings in IES were worth $166,366,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of IESC. Parallel Advisors LLC lifted its position in shares of IES by 121.4% in the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of IES during the 4th quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC grew its holdings in shares of IES by 366.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after purchasing an additional 77 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after acquiring an additional 46 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in IES by 2,100.0% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock worth $51,000 after purchasing an additional 126 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a report on Thursday, June 18th. Finally, Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. One investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $458.00.

Insider Buying and Selling

In other IES 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 stock was sold at an average price of $756.47, for a total transaction of $35,342,278.40. Following the completion of the sale, the chairman owned 10,406,559 shares in the company, valued at $7,872,249,686.73. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 owned 60,874 shares of the company’s stock, valued at $46,379,291.86. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 208,102 shares of company stock valued at $146,518,202 in the last quarter. Company insiders own 56.43% of the company’s stock.

IES Trading Up 4.1%

NASDAQ:IESC opened at $674.20 on Thursday. The company’s 50-day moving average is $682.62 and its two-hundred day moving average is $561.65. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 35.96 and a beta of 1.78. IES Holdings, Inc. has a 12-month low of $309.51 and a 12-month high of $804.00.

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

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.