Orion Porfolio Solutions LLC Boosts Stock Position in IES Holdings, Inc. $IESC

Orion Porfolio Solutions LLC raised its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 27.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,198 shares of the technology company’s stock after purchasing an additional 1,549 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in IES were worth $2,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in IESC. F m Investments LLC boosted its holdings in shares of IES by 0.3% in the 2nd quarter. F m Investments LLC now owns 16,235 shares of the technology company’s stock worth $4,809,000 after buying an additional 51 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in IES by 1.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company’s stock worth $1,468,000 after acquiring an additional 51 shares during the period. SBI Securities Co. Ltd. raised its position in IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after acquiring an additional 60 shares during the period. Two Sigma Securities LLC boosted its stake in IES by 3.2% in the second quarter. Two Sigma Securities LLC now owns 1,959 shares of the technology company’s stock valued at $580,000 after acquiring an additional 61 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in shares of IES by 7.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 923 shares of the technology company’s stock valued at $273,000 after acquiring an additional 62 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other IES news, Director Todd M. Cleveland sold 3,119 shares of IES stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $511.81, for a total transaction of $1,596,335.39. Following the completion of the transaction, the director owned 82,517 shares of the company’s stock, valued at $42,233,025.77. The trade was a 3.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $473.25, for a total value of $36,156,300.00. Following the sale, the chairman owned 10,595,320 shares in the company, valued at approximately $5,014,235,190. This represents a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 123,320 shares of company stock worth $58,839,170 over the last quarter. Insiders own 56.43% of the company’s stock.

IES Price Performance

Shares of IESC stock opened at $450.27 on Tuesday. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 26.79 and a beta of 1.68. The company’s fifty day simple moving average is $455.82 and its two-hundred day simple moving average is $414.47. IES Holdings, Inc. has a 1 year low of $146.51 and a 1 year high of $537.70.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 EPS for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.23). The company had revenue of $870.96 million during the quarter, compared to the consensus estimate of $876.00 million. IES had a return on equity of 35.62% and a net margin of 9.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on IESC shares. Loop Capital set a $458.00 price target on shares of IES in a report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. Finally, Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price 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.