DUTCH ASSET Corp Invests $379,000 in IES Holdings, Inc. $IESC

DUTCH ASSET Corp purchased a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 974 shares of the technology company’s stock, valued at approximately $379,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AltraVue Capital LLC lifted 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 purchasing an additional 3,370 shares during the last quarter. Dakota Wealth Management acquired a new position in IES during the fourth quarter worth $1,018,000. First Trust Advisors LP increased its position in IES by 982.7% during 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 during the last quarter. Pertento Partners LLP raised its holdings in 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 in the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in shares of IES by 260.1% in the third quarter. Arete Wealth Advisors LLC now owns 5,254 shares of the technology company’s stock worth $2,089,000 after buying an additional 3,795 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

IESC has been the subject of several recent analyst reports. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, IES currently has an average rating of “Moderate Buy” and an average price target of $458.00.

IES Stock Up 0.1%

Shares of IESC opened at $712.87 on Friday. IES Holdings, Inc. has a 12-month low of $265.00 and a 12-month high of $779.00. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 38.02 and a beta of 1.78. The stock’s 50-day moving average price is $650.32 and its 200 day moving average price is $521.11.

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

Insider Transactions at IES

In related news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $756.47, for a total value of $35,342,278.40. Following the completion of the transaction, the chairman directly owned 10,406,559 shares of the company’s stock, valued at $7,872,249,686.73. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew J. Simmes sold 7,000 shares of IES stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $658.24, for a total transaction of $4,607,680.00. Following the sale, the chief executive officer owned 86,575 shares in the company, valued at $56,987,128. This represents a 7.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 208,102 shares of company stock valued at $146,518,202 in the last ninety days. 56.43% of the stock is owned by company insiders.

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.