JB Capital Partners LP Sells 41,004 Shares of IES Holdings, Inc. $IESC

JB Capital Partners LP trimmed its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 98.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 841 shares of the technology company’s stock after selling 41,004 shares during the quarter. JB Capital Partners LP’s holdings in IES were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of IES by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock valued at $810,000 after purchasing an additional 223 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of IES by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock worth $3,762,000 after acquiring an additional 1,435 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of IES by 20.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,985 shares of the technology company’s stock valued at $884,000 after acquiring an additional 498 shares in the last quarter. Bank of New York Mellon Corp increased its stake in IES by 10.5% in the second quarter. Bank of New York Mellon Corp now owns 28,101 shares of the technology company’s stock valued at $8,324,000 after acquiring an additional 2,673 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in IES in the second quarter valued at about $258,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IESC has been the subject of a number of analyst reports. Loop Capital set a $458.00 price target on shares of IES in a research note on Tuesday, February 3rd. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, IES currently has an average rating of “Buy” and an average target price of $458.00.

IES Stock Up 1.7%

Shares of IESC stock opened at $442.76 on Monday. IES Holdings, Inc. has a 12-month low of $146.51 and a 12-month high of $537.70. The company has a market capitalization of $8.82 billion, a P/E ratio of 26.34 and a beta of 1.68. The firm has a 50-day moving average price of $459.61 and a 200 day moving average price of $417.00.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, January 30th. The technology company reported $3.71 earnings per share for the quarter, missing the consensus estimate of $3.94 by ($0.23). The firm had revenue of $870.96 million for the quarter, compared to the consensus estimate of $876.00 million. IES had a return on equity of 35.62% and a net margin of 9.70%.

Insider Buying and Selling

In related news, Director Todd M. Cleveland sold 1,425 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $500.84, for a total transaction of $713,697.00. Following the sale, the director directly owned 78,089 shares in the company, valued at $39,110,094.76. This represents a 1.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Jeffrey L. Et Al Gendell sold 320 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $520.43, for a total value of $166,537.60. Following the sale, the chairman directly owned 10,587,161 shares of the company’s stock, valued at $5,509,876,199.23. This represents a 0.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,659 shares of company stock worth $10,636,940 in the last three months. Insiders own 56.43% of the company’s stock.

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.