State of Wyoming Has $9.17 Million Stock Position in IES Holdings, Inc. $IESC

State of Wyoming lowered its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 13.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,065 shares of the technology company’s stock after selling 3,732 shares during the period. IES comprises about 1.0% of State of Wyoming’s investment portfolio, making the stock its 7th biggest holding. State of Wyoming’s holdings in IES were worth $9,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Global Retirement Partners LLC raised 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 worth $31,000 after purchasing an additional 71 shares during the period. Spire Wealth Management bought a new position in IES during the 3rd quarter worth $40,000. Nisa Investment Advisors LLC grew its stake in IES by 841.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after buying an additional 101 shares during the last quarter. Federated Hermes Inc. lifted its stake in IES by 91.3% in the third quarter. Federated Hermes Inc. now owns 132 shares of the technology company’s stock valued at $52,000 after buying an additional 63 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of IES during the second quarter valued at $47,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Stock Performance

NASDAQ:IESC opened at $380.29 on Monday. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 22.62 and a beta of 1.72. IES Holdings, Inc. has a 1 year low of $146.51 and a 1 year high of $488.62. The business has a fifty day moving average of $426.64 and a 200-day moving average of $388.20.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, January 30th. The technology company reported $3.71 earnings per share for the quarter, missing the consensus estimate of $3.94 by ($0.23). The company had revenue of $870.96 million during the quarter, compared to analyst estimates of $876.00 million. IES had a return on equity of 37.54% and a net margin of 9.70%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, IES currently has an average rating of “Buy”.

Insider Buying and Selling

In related news, Director David B. Gendell sold 17,867 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $452.20, for a total transaction of $8,079,457.40. Following the sale, the director owned 70,669 shares of the company’s stock, valued at $31,956,521.80. The trade was a 20.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of the company’s 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 completion of the sale, the chairman owned 10,595,320 shares of the company’s stock, valued at $5,014,235,190. This trade represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 217,661 shares of company stock worth $96,387,385. Company insiders own 56.43% of the company’s stock.

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.