SG Americas Securities LLC Reduces Stock Position in IES Holdings, Inc. $IESC

SG Americas Securities LLC lowered its stake in IES Holdings, Inc. (NASDAQ:IESC) by 87.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,372 shares of the technology company’s stock after selling 9,913 shares during the quarter. SG Americas Securities LLC’s holdings in IES were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in IES in the fourth quarter worth approximately $38,000. Steward Partners Investment Advisory LLC boosted its holdings 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 valued at $38,000 after buying an additional 77 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after buying an additional 46 shares during the last quarter. Larson Financial Group LLC increased its stake in IES by 2,100.0% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock valued at $51,000 after purchasing an additional 126 shares in the last quarter. Finally, Greenline Wealth Management LLC purchased a new position in shares of IES in the fourth quarter worth $56,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at IES

In other IES news, Director Todd M. Cleveland sold 11,578 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 65,817 shares in the company, valued at $43,670,895.84. This represents a 14.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tracy Mclauchlin sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the transaction, the chief financial officer directly owned 62,525 shares in the company, valued at approximately $41,429,690.25. This trade represents a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 208,102 shares of company stock valued at $146,518,202 over the last 90 days. 56.43% of the stock is currently owned by insiders.

IES Trading Down 5.1%

Shares of IESC stock traded down $34.14 during trading hours on Tuesday, reaching $636.65. 9,143 shares of the stock were exchanged, compared to its average volume of 228,291. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 33.86 and a beta of 1.78. The company’s 50-day moving average price is $687.26 and its 200-day moving average price is $542.66. IES Holdings, Inc. has a 12-month low of $291.00 and a 12-month high of $804.00.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The firm had revenue of $974.20 million during the quarter, compared to analyst estimates of $1.01 billion.

Wall Street Analyst Weigh In

Several analysts recently commented on IESC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a report on Thursday, June 18th. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Freedom Capital lowered shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, IES has an average rating of “Moderate Buy” and an average price target of $458.00.

IES Company 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.