AltraVue Capital LLC Buys 3,370 Shares of IES Holdings, Inc. $IESC

AltraVue Capital LLC increased its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,267 shares of the technology company’s stock after purchasing an additional 3,370 shares during the quarter. IES makes up about 5.5% of AltraVue Capital LLC’s portfolio, making the stock its 7th largest holding. AltraVue Capital LLC owned about 0.84% of IES worth $66,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in IESC. Global Retirement Partners LLC grew its stake in shares of IES by 1,014.3% during the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after buying an additional 71 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of IES by 841.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. SBI Securities Co. Ltd. grew its position in IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after acquiring an additional 60 shares during the last quarter. Spire Wealth Management acquired a new position in IES in the 3rd quarter worth about $40,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in IES in the 2nd quarter worth about $47,000. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling at IES

In related news, CAO Mary K. Newman sold 2,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $477.86, for a total value of $955,720.00. Following the transaction, the chief accounting officer owned 21,843 shares in the company, valued at $10,437,895.98. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value 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. The trade was a 0.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 186,313 shares of company stock valued at $85,194,695 over the last three months. 56.43% of the stock is currently owned by corporate insiders.

IES Price Performance

Shares of IESC stock opened at $487.57 on Wednesday. The stock has a market capitalization of $9.72 billion, a PE ratio of 29.00 and a beta of 1.68. The business’s 50 day simple moving average is $452.22 and its 200 day simple moving average is $411.06. IES Holdings, Inc. has a one year low of $146.51 and a one year high of $537.70.

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 the consensus estimate 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 return on equity of 35.62% and a net margin of 9.70%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. Loop Capital set a $458.00 price objective on shares of IES in a report on Tuesday, February 3rd. Finally, Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IES has an average rating of “Buy” and a consensus target price of $458.00.

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.