Keystone Investors PTE Ltd. Invests $675,000 in IES Holdings, Inc. $IESC

Keystone Investors PTE Ltd. acquired a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,734 shares of the technology company’s stock, valued at approximately $675,000.

Other large investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of IES by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock valued at $810,000 after purchasing an additional 223 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of IES by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock valued at $3,762,000 after purchasing an additional 1,435 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of IES in the 2nd quarter valued at $365,000. Quantbot Technologies LP acquired a new position in shares of IES in the 2nd quarter valued at $89,000. Finally, Invesco Ltd. lifted its stake in shares of IES by 43.7% in the 2nd quarter. Invesco Ltd. now owns 91,567 shares of the technology company’s stock valued at $27,125,000 after purchasing an additional 27,849 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Tracy Mclauchlin sold 3,000 shares of IES stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 62,525 shares of the company’s stock, valued at approximately $41,429,690.25. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Todd M. Cleveland sold 11,578 shares of IES stock in a transaction on Friday, May 8th. The stock was 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 of the company’s stock, valued at approximately $43,670,895.84. This represents a 14.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 156,382 shares of company stock valued at $107,366,474 over the last 90 days. 56.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

IES Stock Up 2.5%

NASDAQ:IESC opened at $749.83 on Friday. IES Holdings, Inc. has a 52-week low of $261.11 and a 52-week high of $768.00. The stock’s 50 day moving average price is $628.83 and its 200 day moving average price is $510.86. The company has a market capitalization of $14.94 billion, a PE ratio of 39.99 and a beta of 1.78.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share 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 company had revenue of $974.20 million during the quarter, compared to analysts’ expectations 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.