Centaurus Financial Inc. Purchases Shares of 2,810 IES Holdings, Inc. $IESC

Centaurus Financial Inc. acquired a new position in IES Holdings, Inc. (NASDAQ:IESC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,810 shares of the technology company’s stock, valued at approximately $1,117,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Porfolio Solutions LLC increased its holdings in IES by 85.0% in the second quarter. Orion Porfolio Solutions LLC now owns 5,649 shares of the technology company’s stock valued at $1,673,000 after buying an additional 2,596 shares in the last quarter. Alps Advisors Inc. increased its position in shares of IES by 60.5% in the third quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock valued at $2,277,000 after buying an additional 2,159 shares in the last quarter. AltraVue Capital LLC raised its stake in shares of IES by 2.1% during the 3rd quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock worth $66,116,000 after buying an additional 3,370 shares during the period. RFG Advisory LLC acquired a new position in shares of IES during the 3rd quarter worth approximately $944,000. Finally, Geode Capital Management LLC lifted its position in shares of IES by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock valued at $78,210,000 after buying an additional 12,026 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Price Performance

IESC opened at $454.63 on Friday. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 27.05 and a beta of 1.68. The business has a fifty day moving average price of $463.55 and a 200 day moving average price of $418.76.

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 analysts’ consensus estimates of $3.94 by ($0.23). IES had a net margin of 9.70% and a return on equity of 35.62%. The company had revenue of $870.96 million during the quarter, compared to analyst estimates of $876.00 million.

Insider Transactions at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 5,048 shares of IES stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $529.50, for a total transaction of $2,672,916.00. Following the sale, the chairman directly owned 10,590,272 shares in the company, valued at $5,607,549,024. This trade represents a 0.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Todd M. Cleveland sold 3,119 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $511.81, for a total transaction of $1,596,335.39. Following the completion of the sale, the director directly owned 82,517 shares of the company’s stock, valued at approximately $42,233,025.77. This trade represents a 3.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 20,659 shares of company stock valued at $10,636,940. 56.43% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on IESC shares. 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 price target on shares of IES in a research note on Tuesday, February 3rd. Finally, Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, IES has a consensus rating of “Buy” and an average target price of $458.00.

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.