Peterson Wealth Services Takes $218,000 Position in IES Holdings, Inc. (NASDAQ:IESC)

Peterson Wealth Services bought a new stake in IES Holdings, Inc. (NASDAQ:IESC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,755 shares of the technology company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC grew its stake in shares of IES by 12.4% during the third quarter. FMR LLC now owns 1,106,623 shares of the technology company’s stock worth $72,893,000 after purchasing an additional 121,978 shares during the period. BlackRock Inc. lifted its holdings in IES by 3.0% during the first quarter. BlackRock Inc. now owns 723,327 shares of the technology company’s stock worth $29,077,000 after acquiring an additional 20,877 shares in the last quarter. Vanguard Group Inc. lifted its holdings in IES by 1.5% during the third quarter. Vanguard Group Inc. now owns 436,085 shares of the technology company’s stock worth $28,725,000 after acquiring an additional 6,517 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in IES by 0.4% during the second quarter. Renaissance Technologies LLC now owns 214,432 shares of the technology company’s stock worth $6,469,000 after acquiring an additional 900 shares in the last quarter. Finally, State Street Corp lifted its holdings in IES by 5.2% during the first quarter. State Street Corp now owns 192,067 shares of the technology company’s stock worth $8,276,000 after acquiring an additional 9,466 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Trading Up 1.5 %

Shares of IES stock traded up $1.76 during trading on Thursday, reaching $118.47. The stock had a trading volume of 6,213 shares, compared to its average volume of 99,350. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 22.19 and a beta of 1.34. The stock has a fifty day moving average price of $111.29 and a two-hundred day moving average price of $86.70. IES Holdings, Inc. has a 52 week low of $41.60 and a 52 week high of $138.56.

IES (NASDAQ:IESC) last released its earnings results on Friday, February 2nd. The technology company reported $1.87 earnings per share (EPS) for the quarter. The business had revenue of $634.40 million for the quarter. IES had a return on equity of 26.83% and a net margin of 4.41%.

Insiders Place Their Bets

In other IES news, CEO Jeffrey L. Et Al Gendell sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $85.76, for a total transaction of $703,232.00. Following the transaction, the chief executive officer now owns 11,520,533 shares of the company’s stock, valued at $988,000,910.08. The sale was disclosed in a document filed with the SEC, which is available through this link. In other IES news, Director Todd M. Cleveland sold 11,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $114.47, for a total transaction of $1,259,170.00. Following the completion of the sale, the director now directly owns 131,581 shares in the company, valued at $15,062,077.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 8,200 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $85.76, for a total value of $703,232.00. Following the sale, the chief executive officer now owns 11,520,533 shares of the company’s stock, valued at $988,000,910.08. The disclosure for this sale can be found here. Insiders have sold a total of 124,494 shares of company stock valued at $11,986,437 over the last 90 days. 59.19% of the stock is currently owned by insiders.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.