Alps Advisors Inc. Raises Stock Position in IES Holdings, Inc. $IESC

Alps Advisors Inc. increased its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 60.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,726 shares of the technology company’s stock after acquiring an additional 2,159 shares during the period. Alps Advisors Inc.’s holdings in IES were worth $2,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC grew its position in shares of IES by 1,014.3% during the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in IES by 841.7% during the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after buying an additional 101 shares during the period. SBI Securities Co. Ltd. boosted its stake in IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after buying an additional 60 shares during the period. Spire Wealth Management purchased a new position in IES during the third quarter worth about $40,000. Finally, Elevation Point Wealth Partners LLC bought a new position in IES in the 2nd quarter worth about $47,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on IESC shares. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. Finally, Loop Capital set a $458.00 price objective on shares of IES in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $458.00.

Insider Activity at IES

In other news, insider Matthew Michael Allen sold 700 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $457.95, for a total transaction of $320,565.00. Following the completion of the transaction, the insider directly owned 1,098 shares of the company’s stock, valued at approximately $502,829.10. This represents a 38.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $473.25, for a total transaction of $36,156,300.00. Following the sale, the chairman owned 10,595,320 shares of the company’s stock, valued at approximately $5,014,235,190. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 217,661 shares of company stock worth $96,387,385 over the last ninety days. Insiders own 56.43% of the company’s stock.

IES Trading Up 2.1%

IESC opened at $499.78 on Wednesday. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $506.41. The business’s 50-day moving average price is $430.43 and its 200-day moving average price is $393.79. The company has a market cap of $9.96 billion, a P/E ratio of 29.73 and a beta of 1.72.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23). IES had a return on equity of 35.62% and a net margin of 9.70%.The company had revenue of $870.96 million for the quarter, compared to the consensus estimate of $876.00 million.

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.