IES Holdings, Inc. $IESC Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,343 shares of the technology company’s stock after selling 5,085 shares during the quarter. IES comprises approximately 0.7% of Royce & Associates LP’s investment portfolio, making the stock its 13th largest holding. Royce & Associates LP’s holdings in IES were worth $66,656,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Global Retirement Partners LLC increased its holdings in shares of IES by 59.0% during the fourth quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after acquiring an additional 46 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of IES by 50.5% during the fourth quarter. IFP Advisors Inc now owns 319 shares of the technology company’s stock valued at $124,000 after acquiring an additional 107 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of IES by 2,100.0% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock valued at $51,000 after acquiring an additional 126 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of IES by 13.2% during the fourth quarter. Handelsbanken Fonder AB now owns 5,660 shares of the technology company’s stock valued at $2,202,000 after acquiring an additional 660 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in IES by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 1,652 shares of the technology company’s stock worth $643,000 after buying an additional 106 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Stock Performance

Shares of NASDAQ:IESC opened at $659.65 on Tuesday. IES Holdings, Inc. has a twelve month low of $239.23 and a twelve month high of $700.20. The company’s 50 day moving average is $559.50 and its 200 day moving average is $479.06. The company has a market cap of $13.15 billion, a PE ratio of 35.18 and a beta of 1.81.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.01 billion.

Insider Buying and Selling

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 39,361 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $694.01, for a total value of $27,316,927.61. Following the sale, the chairman owned 10,485,644 shares in the company, valued at approximately $7,277,141,792.44. This represents a 0.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Todd M. Cleveland sold 11,578 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $663.52, for a total value of $7,682,234.56. Following the completion of the sale, the director owned 65,817 shares in the company, valued at approximately $43,670,895.84. This represents a 14.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 131,336 shares of company stock worth $88,246,972. 56.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Loop Capital set a $458.00 price target on shares of IES in a report on Tuesday, February 3rd. Freedom Capital downgraded shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, IES presently 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.