Peterson Wealth Services Purchases 3,260 Shares of IES Holdings, Inc. $IESC

Peterson Wealth Services grew its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 9,878.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,293 shares of the technology company’s stock after acquiring an additional 3,260 shares during the period. Peterson Wealth Services’ holdings in IES were worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. First Trust Advisors LP raised its stake in IES by 982.7% in the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after buying an additional 293,977 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of IES by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 274,725 shares of the technology company’s stock valued at $106,887,000 after buying an additional 6,349 shares during the last quarter. Pertento Partners LLP grew its holdings in shares of IES by 12.9% during the third quarter. Pertento Partners LLP now owns 178,768 shares of the technology company’s stock valued at $71,087,000 after buying an additional 20,390 shares during the last quarter. AltraVue Capital LLC grew its holdings in shares of IES by 2.1% during the third 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 during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of IES by 3.7% during the third quarter. Franklin Resources Inc. now owns 155,115 shares of the technology company’s stock valued at $61,681,000 after buying an additional 5,542 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Insider Activity

In related news, Chairman Jeffrey L. Et Al Gendell sold 40,103 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $677.19, for a total transaction of $27,157,350.57. Following the transaction, the chairman directly owned 10,547,058 shares in the company, valued at approximately $7,142,362,207.02. This represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Tracy Mclauchlin sold 3,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the completion of the sale, the chief financial officer directly owned 62,525 shares of the company’s stock, valued at approximately $41,429,690.25. This trade represents a 4.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 156,382 shares of company stock valued at $107,366,474. 56.43% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IESC shares. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $458.00.

IES Trading Up 7.8%

IESC opened at $731.33 on Friday. The firm has a market cap of $14.57 billion, a P/E ratio of 39.00 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 stock has a 50-day moving average of $623.51 and a 200 day moving average of $509.18.

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

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.