Callahan Advisors LLC bought a new position in shares of IES Holdings, Inc. (NASDAQ:IESC – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,000 shares of the technology company’s stock, valued at approximately $201,000.
Other hedge funds have also recently bought and sold shares of the company. Gladius Capital Management LP purchased a new position in IES in the third quarter valued at about $44,000. KBC Group NV increased its position in shares of IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after purchasing an additional 138 shares during the last quarter. City State Bank acquired a new stake in shares of IES in the 4th quarter valued at about $106,000. CWM LLC grew its stake in IES by 17.2% in the third quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after purchasing an additional 100 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in IES by 159.5% in the third quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock valued at $153,000 after buying an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.
IES Trading Down 0.8 %
IESC opened at $225.66 on Wednesday. IES Holdings, Inc. has a twelve month low of $95.47 and a twelve month high of $320.08. The stock has a market cap of $4.52 billion, a PE ratio of 21.01 and a beta of 1.52. The business’s 50 day moving average is $230.27 and its 200-day moving average is $219.41.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.
View Our Latest Stock Analysis on IESC
Insider Activity
In other news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the transaction, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $253.02, for a total value of $1,265,100.00. Following the transaction, the chief financial officer now owns 71,177 shares in the company, valued at approximately $18,009,204.54. This trade represents a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,359 shares of company stock worth $7,341,029. Insiders own 56.76% of the company’s stock.
IES Profile
IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.
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