Swedbank AB Trims Stock Position in IES Holdings, Inc. $IESC

Swedbank AB lessened its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 16.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 54,000 shares of the technology company’s stock after selling 11,000 shares during the period. Swedbank AB’s holdings in IES were worth $25,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of IESC. International Assets Investment Management LLC purchased a new position in shares of IES during the 4th quarter valued at $38,000. Steward Partners Investment Advisory LLC increased its holdings in shares of IES by 366.7% in the fourth 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 raised its position in shares of IES by 59.0% in the fourth quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after buying an additional 46 shares in the last quarter. Larson Financial Group LLC raised its position in shares of IES by 2,100.0% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock worth $51,000 after buying an additional 126 shares in the last quarter. Finally, Greenline Wealth Management LLC bought a new stake in IES during the fourth quarter valued at $56,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Price Performance

NASDAQ:IESC opened at $619.29 on Thursday. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 33.03 and a beta of 1.78. IES Holdings, Inc. has a 1-year low of $291.55 and a 1-year high of $804.00. The business has a 50 day moving average of $687.70 and a 200 day moving average of $545.67.

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

Insider Buying and Selling at IES

In other IES news, CEO Matthew J. Simmes sold 7,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total value of $4,607,680.00. Following the completion of the sale, the chief executive officer directly owned 86,575 shares of the company’s stock, valued at $56,987,128. The trade was a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $756.47, for a total transaction of $35,342,278.40. Following the sale, the chairman owned 10,406,559 shares of the company’s stock, valued at approximately $7,872,249,686.73. The trade was a 0.45% 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 worth $146,518,202 in the last 90 days. 56.43% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of IES in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, IES currently has a consensus rating of “Moderate Buy” and a consensus price target of $458.00.

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.