Dakota Wealth Management Invests $1.02 Million in IES Holdings, Inc. $IESC

Dakota Wealth Management purchased a new position in IES Holdings, Inc. (NASDAQ:IESC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,617 shares of the technology company’s stock, valued at approximately $1,018,000.

Several other institutional investors have also recently added to or reduced their stakes in IESC. GAMMA Investing LLC grew its holdings in IES by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock worth $95,000 after acquiring an additional 31 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of IES by 1.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company’s stock valued at $1,468,000 after purchasing an additional 51 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after purchasing an additional 60 shares during the last quarter. Two Sigma Securities LLC lifted its position in shares of IES by 3.2% during the second quarter. Two Sigma Securities LLC now owns 1,959 shares of the technology company’s stock worth $580,000 after purchasing an additional 61 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in IES by 7.2% in the second quarter. Ameritas Investment Partners Inc. now owns 923 shares of the technology company’s stock worth $273,000 after purchasing an additional 62 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Price Performance

Shares of NASDAQ IESC opened at $473.86 on Monday. The firm has a market capitalization of $9.44 billion, a PE ratio of 28.19 and a beta of 1.68. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $537.70. The business’s fifty day moving average price is $469.43 and its two-hundred day moving average price is $424.64.

IES (NASDAQ:IESC) last announced 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 analyst estimates 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

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

Insiders Place Their Bets

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 5,048 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $529.50, for a total value of $2,672,916.00. Following the sale, the chairman owned 10,590,272 shares in the company, valued at approximately $5,607,549,024. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew J. Simmes sold 5,000 shares of IES stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $506.26, for a total value of $2,531,300.00. Following the sale, the chief executive officer directly owned 93,575 shares in the company, valued at approximately $47,373,279.50. This trade represents a 5.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 20,659 shares of company stock worth $10,636,940. Insiders own 56.43% of the company’s stock.

About IES

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.