Polen Capital Management LLC Reduces Stock Position in IES Holdings, Inc. $IESC

Polen Capital Management LLC lessened its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 9.9% in the fourth quarter, HoldingsChannel reports. The firm owned 10,941 shares of the technology company’s stock after selling 1,203 shares during the quarter. Polen Capital Management LLC’s holdings in IES were worth $4,256,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IESC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in IES by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock worth $810,000 after purchasing an additional 223 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in IES by 6.7% in 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 valued at $3,762,000 after buying an additional 1,435 shares during the period. Prudential Financial Inc. purchased a new stake in IES in the 2nd quarter valued at about $365,000. Quantbot Technologies LP purchased a new stake in IES in the 2nd quarter valued at about $89,000. Finally, Invesco Ltd. grew its holdings in IES by 43.7% in the 2nd quarter. Invesco Ltd. now owns 91,567 shares of the technology company’s stock valued at $27,125,000 after buying an additional 27,849 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

IESC has been the subject of several recent analyst reports. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $458.00.

Insider Transactions at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 40,103 shares of IES stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $677.19, for a total value of $27,157,350.57. Following the transaction, the chairman directly owned 10,547,058 shares of the company’s stock, valued at $7,142,362,207.02. The trade was a 0.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Tracy Mclauchlin sold 3,000 shares of IES stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $662.61, for a total value of $1,987,830.00. Following the completion of the transaction, the chief financial officer directly owned 62,525 shares in the company, valued at $41,429,690.25. This represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 156,382 shares of company stock valued at $107,366,474. 56.43% of the stock is currently owned by company insiders.

IES Price Performance

NASDAQ IESC opened at $731.33 on Friday. The firm has a market capitalization of $14.57 billion, a P/E ratio of 39.00 and a beta of 1.78. IES Holdings, Inc. has a 1-year low of $261.11 and a 1-year high of $768.00. The business’s 50-day simple moving average is $623.51 and its 200-day simple moving average is $509.18.

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

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.