IES Holdings, Inc. $IESC Shares Sold by LRT Capital Management LLC

LRT Capital Management LLC reduced its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 32.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,481 shares of the technology company’s stock after selling 2,624 shares during the quarter. IES accounts for 1.8% of LRT Capital Management LLC’s holdings, making the stock its 19th largest position. LRT Capital Management LLC’s holdings in IES were worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in IES in the fourth quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC lifted its holdings in IES by 366.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after acquiring an additional 77 shares during the period. Global Retirement Partners LLC lifted its holdings in IES by 59.0% in the fourth quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after acquiring an additional 46 shares during the period. Larson Financial Group LLC lifted its holdings in IES by 2,100.0% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock valued at $51,000 after acquiring an additional 126 shares during the period. Finally, Greenline Wealth Management LLC acquired a new position in IES in the fourth quarter valued at approximately $56,000. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Price Performance

IES stock opened at $749.83 on Friday. The stock has a market capitalization of $14.94 billion, a PE ratio of 39.99 and a beta of 1.78. IES Holdings, Inc. has a 12 month low of $261.11 and a 12 month high of $768.00. The business has a 50 day simple moving average of $628.83 and a 200-day simple moving average of $510.86.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, beating analysts’ consensus estimates of $3.95 by $0.21. The business had revenue of $974.20 million during the quarter, compared to analysts’ expectations of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Analysts Set New Price Targets

A number of research analysts have issued reports on IESC shares. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $458.00.

Insider Transactions at IES

In related news, Director Todd M. Cleveland sold 11,578 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $663.52, for a total transaction of $7,682,234.56. Following the completion of the sale, the director directly owned 65,817 shares in the company, valued at approximately $43,670,895.84. The trade was a 14.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jeffrey L. Et Al Gendell sold 30,310 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $705.93, for a total value of $21,396,738.30. Following the sale, the chairman owned 10,453,279 shares of the company’s stock, valued at $7,379,283,244.47. The trade was a 0.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 156,382 shares of company stock valued at $107,366,474 over the last ninety days. Company insiders own 56.43% of the company’s stock.

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.