Baader Bank Aktiengesellschaft Takes Position in IES Holdings, Inc. $IESC

Baader Bank Aktiengesellschaft purchased a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,680 shares of the technology company’s stock, valued at approximately $656,000.

A number of other institutional investors have also recently bought and sold shares of the business. Pertento Partners LLP acquired a new position in shares of IES in the 2nd quarter valued at about $46,916,000. Swedbank AB grew its position in IES by 153.1% during the third quarter. Swedbank AB now owns 81,000 shares of the technology company’s stock valued at $32,210,000 after purchasing an additional 49,000 shares in the last quarter. United Capital Management of KS Inc. acquired a new position in IES in the 2nd quarter valued at approximately $13,589,000. Arrowstreet Capital Limited Partnership lifted its position in IES by 50.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 110,313 shares of the technology company’s stock worth $32,678,000 after buying an additional 36,845 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of IES by 43.7% during the 2nd quarter. Invesco Ltd. now owns 91,567 shares of the technology company’s stock valued at $27,125,000 after buying an additional 27,849 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of IES stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $473.25, for a total value of $36,156,300.00. Following the transaction, the chairman directly owned 10,595,320 shares of the company’s stock, valued at $5,014,235,190. The trade was a 0.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew Michael Allen sold 700 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $457.95, for a total value of $320,565.00. Following the completion of the sale, the insider directly owned 1,098 shares of the company’s stock, valued at $502,829.10. This represents a 38.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 217,661 shares of company stock worth $96,387,385 over the last 90 days. Company insiders own 56.43% of the company’s stock.

IES Trading Up 2.9%

NASDAQ IESC opened at $514.36 on Thursday. The company has a market cap of $10.25 billion, a P/E ratio of 30.60 and a beta of 1.72. IES Holdings, Inc. has a 1 year low of $146.51 and a 1 year high of $532.23. The company has a fifty day simple moving average of $432.33 and a 200 day simple moving average of $394.63.

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

Analysts Set New Price Targets

IESC has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. Loop Capital set a $458.00 target price on IES in a research report on Tuesday, February 3rd. Finally, Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $458.00.

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.