Gabelli Funds LLC Has $1.87 Million Holdings in IES Holdings, Inc. $IESC

Gabelli Funds LLC cut its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 27.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,700 shares of the technology company’s stock after selling 1,800 shares during the period. Gabelli Funds LLC’s holdings in IES were worth $1,869,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. United Capital Management of KS Inc. lifted its position in IES by 1.4% in the third quarter. United Capital Management of KS Inc. now owns 46,504 shares of the technology company’s stock worth $18,492,000 after purchasing an additional 630 shares during the period. Orion Porfolio Solutions LLC increased its holdings in IES by 27.4% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 7,198 shares of the technology company’s stock valued at $2,862,000 after buying an additional 1,549 shares during the period. JT Stratford LLC acquired a new position in shares of IES in the 3rd quarter valued at $253,000. AltraVue Capital LLC raised its stake in shares of IES by 2.1% in the 3rd quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock valued at $66,116,000 after buying an additional 3,370 shares in the last quarter. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of IES during the 3rd quarter worth about $330,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Stock Performance

Shares of NASDAQ IESC opened at $448.38 on Wednesday. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $537.70. The business has a fifty day moving average of $456.90 and a two-hundred day moving average of $415.23. The stock has a market cap of $8.94 billion, a PE ratio of 26.67 and a beta of 1.68.

IES (NASDAQ:IESC) last posted its earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share for the quarter, missing the consensus estimate of $3.94 by ($0.23). The firm 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%.

Insider Transactions at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of IES stock in a transaction that occurred on 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 completion of the transaction, the chairman owned 10,595,320 shares in the company, valued at approximately $5,014,235,190. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mary K. Newman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $477.86, for a total value of $955,720.00. Following the completion of the transaction, the chief accounting officer directly owned 21,843 shares in the company, valued at $10,437,895.98. The trade was a 8.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 99,759 shares of company stock valued at $48,069,525. 56.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

IESC has been the topic of several recent research reports. Loop Capital set a $458.00 target price on shares of IES in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Finally, Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, IES currently has a consensus rating of “Buy” and an average price target of $458.00.

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.