Inceptionr LLC Increases Stock Position in IES Holdings, Inc. $IESC

Inceptionr LLC boosted its position in IES Holdings, Inc. (NASDAQ:IESC) by 148.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,349 shares of the technology company’s stock after buying an additional 805 shares during the quarter. Inceptionr LLC’s holdings in IES were worth $643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of IES by 40.4% during the first quarter. First Trust Advisors LP now owns 349,163 shares of the technology company’s stock worth $166,366,000 after buying an additional 100,425 shares in the last quarter. Geode Capital Management LLC raised its holdings in IES by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 274,725 shares of the technology company’s stock valued at $106,887,000 after acquiring an additional 6,349 shares in the last quarter. Pertento Partners LLP boosted its stake in IES by 17.1% during the 4th quarter. Pertento Partners LLP now owns 209,351 shares of the technology company’s stock valued at $81,442,000 after acquiring an additional 30,583 shares during the last quarter. State Street Corp boosted its stake in IES by 1.2% during the 4th quarter. State Street Corp now owns 205,905 shares of the technology company’s stock valued at $80,101,000 after acquiring an additional 2,517 shares during the last quarter. Finally, Morgan Stanley grew its holdings in IES by 7.7% during the 4th quarter. Morgan Stanley now owns 171,488 shares of the technology company’s stock worth $66,713,000 after acquiring an additional 12,232 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $756.47, for a total transaction of $35,342,278.40. Following the sale, the chairman directly owned 10,406,559 shares of the company’s stock, valued at $7,872,249,686.73. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew J. Simmes sold 7,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 86,575 shares in the company, valued at approximately $56,987,128. The trade was a 7.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 208,102 shares of company stock valued at $146,518,202 in the last three months. 56.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

IES Stock Down 5.7%

IESC stock opened at $626.07 on Friday. The stock has a market cap of $12.47 billion, a PE ratio of 33.39 and a beta of 1.78. The firm’s 50-day simple moving average is $680.83 and its 200 day simple moving average is $563.90. IES Holdings, Inc. has a fifty-two week low of $309.51 and a fifty-two week high of $804.00.

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

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.