IES Holdings, Inc. $IESC Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC cut its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 48.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 8,682 shares of the technology company’s stock after selling 8,285 shares during the period. Great Lakes Advisors LLC’s holdings in IES were worth $3,452,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IESC. Pertento Partners LLP purchased a new stake in shares of IES in the second quarter valued at $46,916,000. Swedbank AB grew its holdings in IES by 153.1% in the 3rd quarter. Swedbank AB now owns 81,000 shares of the technology company’s stock valued at $32,210,000 after buying an additional 49,000 shares during the period. United Capital Management of KS Inc. acquired a new position in shares of IES during the 2nd quarter valued at about $13,589,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of IES by 50.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 110,313 shares of the technology company’s stock worth $32,678,000 after acquiring an additional 36,845 shares during the period. Finally, Invesco Ltd. boosted its position in shares of IES by 43.7% in the second quarter. Invesco Ltd. now owns 91,567 shares of the technology company’s stock worth $27,125,000 after acquiring an additional 27,849 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on IESC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Insider Buying and Selling at IES

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $473.25, for a total value of $36,156,300.00. Following the transaction, the chairman owned 10,595,320 shares in the company, valued at $5,014,235,190. The trade was a 0.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew J. Simmes sold 10,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $406.96, for a total transaction of $4,069,600.00. Following the completion of the transaction, the chief executive officer directly owned 98,575 shares of the company’s stock, valued at approximately $40,116,082. The trade was a 9.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 217,661 shares of company stock valued at $96,387,385. 56.43% of the stock is owned by company insiders.

IES Price Performance

Shares of IESC opened at $380.29 on Friday. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $488.62. The stock’s 50-day moving average is $426.64 and its two-hundred day moving average is $387.15. The stock has a market cap of $7.58 billion, a PE ratio of 25.32 and a beta of 1.73.

IES (NASDAQ:IESC) last announced its earnings results on Friday, January 30th. The technology company reported $3.71 EPS for the quarter, missing the consensus estimate of $3.94 by ($0.23). The company had revenue of $870.96 million for the quarter, compared to analysts’ expectations of $876.00 million. IES had a net margin of 8.99% and a return on equity of 38.61%.

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.