Ritholtz Wealth Management purchased a new position in shares of IES Holdings Inc (NASDAQ:IESC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,511 shares of the technology company’s stock, valued at approximately $207,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in IES in the second quarter worth about $121,000. Bank of America Corp DE lifted its holdings in IES by 35.4% in the second quarter. Bank of America Corp DE now owns 5,202 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,361 shares during the period. Alliancebernstein L.P. lifted its holdings in IES by 7.4% in the first quarter. Alliancebernstein L.P. now owns 10,100 shares of the technology company’s stock worth $178,000 after purchasing an additional 700 shares during the period. Engineers Gate Manager LP acquired a new stake in IES in the first quarter worth about $180,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in IES in the second quarter worth about $235,000. Institutional investors and hedge funds own 77.06% of the company’s stock.
In other news, CEO Gary S. Matthews sold 3,409 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $29.29, for a total value of $99,849.61. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gary S. Matthews sold 21,452 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $29.64, for a total value of $635,837.28. Following the completion of the transaction, the chief executive officer now owns 61,605 shares in the company, valued at approximately $1,825,972.20. The disclosure for this sale can be found here. Insiders sold a total of 33,177 shares of company stock worth $989,735 in the last quarter. 61.76% of the stock is owned by corporate insiders.
Separately, BidaskClub lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Monday.
IESC stock traded down $1.19 during mid-day trading on Monday, reaching $34.68. 546 shares of the stock traded hands, compared to its average volume of 50,480. IES Holdings Inc has a 52-week low of $13.73 and a 52-week high of $39.45. The company has a market cap of $755.03 million, a P/E ratio of 20.85 and a beta of 1.01. The stock’s fifty day moving average is $33.83 and its 200-day moving average is $25.48.
IES (NASDAQ:IESC) last issued its earnings results on Friday, August 7th. The technology company reported $0.61 earnings per share for the quarter. The company had revenue of $293.10 million for the quarter. IES had a return on equity of 17.33% and a net margin of 3.20%.
IES Company Profile
IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.
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