United Capital Management of KS Inc. Has $17.61 Million Position in IES Holdings, Inc. $IESC

United Capital Management of KS Inc. trimmed its stake in IES Holdings, Inc. (NASDAQ:IESC) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,273 shares of the technology company’s stock after selling 1,231 shares during the quarter. IES makes up about 2.5% of United Capital Management of KS Inc.’s portfolio, making the stock its 10th biggest holding. United Capital Management of KS Inc. owned 0.23% of IES worth $17,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in IES in the fourth quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC boosted its stake in shares of IES by 366.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after acquiring an additional 77 shares during the period. Global Retirement Partners LLC boosted its stake in shares of IES by 59.0% during the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after acquiring an additional 46 shares during the period. Larson Financial Group LLC boosted its stake in shares of IES by 2,100.0% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock worth $51,000 after acquiring an additional 126 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of IES by 77.1% during the 3rd quarter. IFP Advisors Inc now owns 147 shares of the technology company’s stock worth $58,000 after acquiring an additional 64 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IESC shares. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, IES presently has an average rating of “Moderate Buy” and an average target price of $458.00.

IES Trading Up 2.5%

NASDAQ:IESC opened at $749.83 on Friday. The stock has a market cap of $14.94 billion, a P/E ratio of 39.99 and a beta of 1.78. The stock has a 50 day simple moving average of $628.83 and a 200 day simple moving average of $510.86. IES Holdings, Inc. has a 1-year low of $261.11 and a 1-year high of $768.00.

IES (NASDAQ:IESC) last released 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. The business had revenue of $974.20 million during the quarter, compared to analysts’ expectations of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Insider Buying and Selling

In other IES news, CEO Matthew J. Simmes sold 7,000 shares of IES stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $658.24, for a total value of $4,607,680.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Todd M. Cleveland sold 11,578 shares of IES stock in a transaction on Friday, May 8th. The shares were sold at an average price of $663.52, for a total value of $7,682,234.56. Following the completion of the transaction, the director directly owned 65,817 shares of the company’s stock, valued at $43,670,895.84. This represents a 14.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 156,382 shares of company stock valued at $107,366,474 over the last 90 days. 56.43% of the stock is currently owned by insiders.

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.