Peterson Wealth Services Buys New Position in IES Holdings, Inc. (NASDAQ:IESC)

Peterson Wealth Services acquired a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,755 shares of the technology company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its holdings in IES by 163.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,745 shares of the technology company’s stock worth $1,564,000 after purchasing an additional 12,242 shares during the period. SG Americas Securities LLC purchased a new position in IES during the 4th quarter valued at about $208,000. Exchange Traded Concepts LLC acquired a new stake in IES in the 4th quarter worth approximately $370,000. Vanguard Group Inc. increased its position in shares of IES by 1.5% during the third quarter. Vanguard Group Inc. now owns 436,085 shares of the technology company’s stock valued at $28,725,000 after purchasing an additional 6,517 shares during the period. Finally, American Century Companies Inc. acquired a new position in IES during the third quarter worth $248,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Buying and Selling at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $87.13, for a total transaction of $1,420,219.00. Following the completion of the transaction, the chief executive officer now owns 11,503,933 shares of the company’s stock, valued at $1,002,337,682.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other IES news, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $87.13, for a total transaction of $1,420,219.00. Following the transaction, the chief executive officer now owns 11,503,933 shares in the company, valued at approximately $1,002,337,682.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 3,700 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $85.60, for a total value of $316,720.00. Following the completion of the transaction, the chief executive officer now owns 11,500,233 shares of the company’s stock, valued at $984,419,944.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 124,494 shares of company stock worth $11,986,437. Corporate insiders own 59.19% of the company’s stock.

IES Stock Performance

IESC traded up $1.76 during midday trading on Thursday, hitting $118.47. The company had a trading volume of 6,213 shares, compared to its average volume of 99,350. IES Holdings, Inc. has a twelve month low of $41.60 and a twelve month high of $138.56. The firm’s 50-day simple moving average is $111.29 and its 200-day simple moving average is $86.70. The company has a market capitalization of $2.40 billion, a PE ratio of 22.19 and a beta of 1.34.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, February 2nd. The technology company reported $1.87 EPS for the quarter. The firm had revenue of $634.40 million for the quarter. IES had a net margin of 4.41% and a return on equity of 26.83%.

IES Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.