IES Holdings, Inc. $IESC Shares Sold by Polen Capital Management LLC

Polen Capital Management LLC trimmed its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,941 shares of the technology company’s stock after selling 1,203 shares during the quarter. Polen Capital Management LLC owned about 0.05% of IES worth $4,256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Stirlingshire Investments Inc. acquired a new position in IES in the fourth quarter valued at approximately $228,000. Empowered Funds LLC boosted its holdings in IES by 27.0% in the fourth quarter. Empowered Funds LLC now owns 1,402 shares of the technology company’s stock valued at $545,000 after purchasing an additional 298 shares in the last quarter. Inceptionr LLC acquired a new position in IES in the fourth quarter valued at approximately $212,000. Renaissance Group LLC acquired a new position in IES in the fourth quarter valued at approximately $6,252,000. Finally, Illinois Municipal Retirement Fund acquired a new position in IES in the fourth quarter valued at approximately $2,317,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 40,103 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chairman owned 10,547,058 shares in the company, valued at $7,142,362,207.02. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Tracy Mclauchlin sold 3,000 shares of the firm’s stock in a transaction on 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 owned 62,525 shares of the company’s stock, valued at approximately $41,429,690.25. This represents a 4.58% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 156,382 shares of company stock worth $107,366,474. Corporate insiders own 56.43% of the company’s stock.

Wall Street Analyst Weigh In

IESC has been the subject of a number of research analyst reports. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital downgraded 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $458.00.

IES Price Performance

Shares of NASDAQ IESC opened at $731.33 on Friday. The stock has a fifty day moving average price of $623.51 and a 200 day moving average price of $509.18. IES Holdings, Inc. has a 1-year low of $261.11 and a 1-year high of $768.00. The company has a market cap of $14.57 billion, a PE ratio of 39.00 and a beta of 1.78.

IES (NASDAQ:IESC) last released its quarterly earnings data 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 firm had revenue of $974.20 million during the quarter, compared to analysts’ expectations of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

About IES

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.