RFG Advisory LLC Makes New Investment in IES Holdings, Inc. $IESC

RFG Advisory LLC acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,373 shares of the technology company’s stock, valued at approximately $944,000.

A number of other hedge funds have also modified their holdings of the stock. Orion Porfolio Solutions LLC raised its stake in IES by 85.0% during the second quarter. Orion Porfolio Solutions LLC now owns 5,649 shares of the technology company’s stock worth $1,673,000 after acquiring an additional 2,596 shares in the last quarter. Atria Investments Inc bought a new stake in shares of IES in the 2nd quarter worth about $291,000. Alps Advisors Inc. increased its position in shares of IES by 60.5% during the 3rd quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock worth $2,277,000 after purchasing an additional 2,159 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in IES by 50.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 110,313 shares of the technology company’s stock valued at $32,678,000 after purchasing an additional 36,845 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in IES during the 2nd quarter valued at about $243,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $411.48, for a total transaction of $2,057,400.00. Following the completion of the sale, the chief financial officer owned 65,525 shares in the company, valued at $26,962,227. The trade was a 7.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 directly owned 70,669 shares of the company’s stock, valued at approximately $31,956,521.80. This trade represents a 20.18% 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 have sold 217,661 shares of company stock worth $96,387,385. 56.43% of the stock is currently owned by company insiders.

IES Stock Performance

Shares of IESC opened at $495.49 on Friday. The business’s fifty day moving average price is $433.83 and its two-hundred day moving average price is $395.33. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 29.48 and a beta of 1.72. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $537.70.

IES (NASDAQ:IESC) last issued 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%.

Analyst Ratings Changes

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