TradeLink Capital LLC Makes New Investment in IES Holdings, Inc. $IESC

TradeLink Capital LLC bought a new stake in IES Holdings, Inc. (NASDAQ:IESC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,263 shares of the technology company’s stock, valued at approximately $502,000. IES comprises about 4.2% of TradeLink Capital LLC’s investment portfolio, making the stock its 11th biggest position.

Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC grew its holdings in 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 acquiring an additional 71 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of IES by 841.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of IES during the third quarter worth $40,000. Elevation Point Wealth Partners LLC bought a new stake in IES in the second quarter valued at about $47,000. Finally, Blue Trust Inc. increased its holdings in IES by 82.7% in the second quarter. Blue Trust Inc. now owns 243 shares of the technology company’s stock valued at $72,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Stock Performance

NASDAQ IESC opened at $476.97 on Wednesday. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $488.62. The business has a 50 day simple moving average of $422.02 and a 200 day simple moving average of $385.39. The stock has a market cap of $9.51 billion, a price-to-earnings ratio of 31.76 and a beta of 1.73.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, November 21st. The technology company reported $3.77 earnings per share for the quarter. IES had a net margin of 8.99% and a return on equity of 38.61%. The company had revenue of $897.80 million during the quarter.

Wall Street Analyst Weigh In

IESC has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Insider Activity

In related news, Director David B. Gendell sold 17,867 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 70,669 shares in the company, valued at approximately $31,956,521.80. This trade represents a 20.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew J. Simmes sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $406.96, for a total value of $4,069,600.00. Following the completion of the sale, the chief executive officer owned 98,575 shares in the company, valued at $40,116,082. The trade was a 9.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 217,661 shares of company stock worth $96,387,385. 56.43% of the stock is currently owned by insiders.

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.