City State Bank Acquires 670 Shares of IES Holdings, Inc. (NASDAQ:IESC)

City State Bank raised its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 127.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,195 shares of the technology company’s stock after buying an additional 670 shares during the quarter. City State Bank’s holdings in IES were worth $197,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IESC. J.Safra Asset Management Corp grew its position in shares of IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after buying an additional 50 shares during the last quarter. Smithfield Trust Co bought a new stake in shares of IES in the 4th quarter worth approximately $34,000. National Bank of Canada FI bought a new stake in shares of IES in the 4th quarter worth approximately $54,000. Harbour Investments Inc. bought a new stake in shares of IES during the fourth quarter valued at approximately $71,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of IES during the fourth quarter valued at approximately $74,000. 86.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered IES from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Insider Activity at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 6,722 shares of IES stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $275.00, for a total transaction of $1,848,550.00. Following the completion of the transaction, the chief executive officer now owns 10,923,318 shares in the company, valued at approximately $3,003,912,450. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 56.76% of the stock is currently owned by corporate insiders.

IES Stock Up 3.4%

NASDAQ IESC opened at $279.98 on Friday. IES Holdings, Inc. has a twelve month low of $124.55 and a twelve month high of $320.09. The firm has a market capitalization of $5.56 billion, a PE ratio of 26.07 and a beta of 1.57. The stock’s 50 day moving average is $221.03 and its 200 day moving average is $221.66.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%. The company had revenue of $834.00 million for the quarter.

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.