IES Holdings, Inc. $IESC Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 79.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 694 shares of the technology company’s stock after selling 2,755 shares during the period. Savant Capital LLC’s holdings in IES were worth $270,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its stake in shares of IES by 16.7% in the 4th quarter. Intech Investment Management LLC now owns 3,939 shares of the technology company’s stock valued at $1,532,000 after purchasing an additional 564 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of IES by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 274,725 shares of the technology company’s stock valued at $106,887,000 after purchasing an additional 6,349 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after purchasing an additional 46 shares during the last quarter. IFP Advisors Inc grew its stake in shares of IES by 50.5% in the 4th quarter. IFP Advisors Inc now owns 319 shares of the technology company’s stock valued at $124,000 after purchasing an additional 107 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of IES by 2,100.0% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock valued at $51,000 after purchasing an additional 126 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Price Performance

Shares of IESC stock opened at $720.72 on Friday. The business’s fifty day moving average price is $603.31 and its 200 day moving average price is $498.25. IES Holdings, Inc. has a 1-year low of $259.30 and a 1-year high of $744.88. The firm has a market capitalization of $14.36 billion, a PE ratio of 38.44 and a beta of 1.78.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.95 by $0.21. The firm had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Analysts Set New Price Targets

IESC has been the topic of several analyst reports. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, IES currently has an average rating of “Moderate Buy” and a consensus price target of $458.00.

Insider Transactions at IES

In other IES news, CFO Tracy Mclauchlin sold 3,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the sale, the chief financial officer directly owned 62,525 shares in the company, valued at approximately $41,429,690.25. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Todd M. Cleveland sold 11,578 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $663.52, for a total value of $7,682,234.56. Following the sale, the director owned 65,817 shares in the company, valued at approximately $43,670,895.84. The trade was a 14.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 156,382 shares of company stock valued at $107,366,474 in the last three months. 56.43% of the stock is owned by company insiders.

IES 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.