IES Holdings, Inc. $IESC Stake Boosted by Vestcor Inc

Vestcor Inc grew its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 166.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,602 shares of the technology company’s stock after acquiring an additional 1,000 shares during the period. Vestcor Inc’s holdings in IES were worth $623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IESC. International Assets Investment Management LLC purchased a new position in shares of IES during the 4th quarter valued at $38,000. SBI Securities Co. Ltd. grew its holdings in shares of IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after acquiring an additional 60 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 valued at $48,000 after acquiring an additional 46 shares in the last quarter. 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 valued at $51,000 after acquiring an additional 126 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of IES by 91.3% during the 3rd quarter. Federated Hermes Inc. now owns 132 shares of the technology company’s stock valued at $52,000 after acquiring an additional 63 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Trading Up 2.0%

Shares of NASDAQ:IESC opened at $734.91 on Tuesday. The stock has a market capitalization of $14.64 billion, a PE ratio of 39.20 and a beta of 1.78. IES Holdings, Inc. has a 1 year low of $259.30 and a 1 year high of $744.88. The firm has a fifty day moving average price of $608.63 and a 200 day moving average price of $501.88.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.95 by $0.21. The firm had revenue of $974.20 million during 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%.

Insider Buying and Selling at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 30,310 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $705.93, for a total value of $21,396,738.30. Following the completion of the sale, the chairman directly owned 10,453,279 shares in the company, valued at approximately $7,379,283,244.47. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Matthew J. Simmes sold 7,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $658.24, for a total transaction of $4,607,680.00. Following the completion of the sale, the chief executive officer owned 86,575 shares of the company’s stock, valued at $56,987,128. This represents a 7.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 156,382 shares of company stock valued at $107,366,474. Company insiders own 56.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IESC. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, IES has an average rating of “Moderate Buy” and an average target price of $458.00.

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.