IES Holdings, Inc. $IESC Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC grew its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 85.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,649 shares of the technology company’s stock after purchasing an additional 2,596 shares during the period. Orion Porfolio Solutions LLC’s holdings in IES were worth $1,673,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IESC. Nuveen LLC purchased a new stake in shares of IES in the 1st quarter valued at $5,193,000. HighTower Advisors LLC grew its position in IES by 31.8% in the 1st quarter. HighTower Advisors LLC now owns 2,085 shares of the technology company’s stock valued at $344,000 after acquiring an additional 503 shares in the last quarter. American Century Companies Inc. increased its stake in IES by 1.8% during the first quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock worth $8,866,000 after purchasing an additional 966 shares during the period. Credit Agricole S A lifted its position in shares of IES by 52.5% during the first quarter. Credit Agricole S A now owns 12,382 shares of the technology company’s stock worth $2,044,000 after purchasing an additional 4,262 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new stake in shares of IES during the first quarter worth about $2,341,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Matthew Michael Allen sold 700 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $457.95, for a total transaction of $320,565.00. Following the completion of the sale, the insider owned 1,098 shares in the company, valued at $502,829.10. The trade was a 38.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Gendell sold 17,867 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $452.20, for a total value of $8,079,457.40. Following the completion of the transaction, the director directly owned 70,669 shares of the company’s stock, valued at $31,956,521.80. This trade represents a 20.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 217,661 shares of company stock valued at $96,387,385 over the last 90 days. 56.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

IESC has been the subject of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a report on Monday, December 8th. Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, IES currently has an average rating of “Buy”.

IES Stock Up 1.6%

Shares of IES stock opened at $410.12 on Friday. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $482.35. The company has a market capitalization of $8.14 billion, a P/E ratio of 27.30 and a beta of 1.75. The company has a 50 day moving average of $404.46 and a 200 day moving average of $358.64.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, November 21st. The technology company reported $3.77 EPS for the quarter. The company had revenue of $897.80 million for the quarter. IES had a net margin of 8.99% and a return on equity of 36.43%.

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.