TradeLink Capital LLC Buys New Shares in IES Holdings, Inc. $IESC

TradeLink Capital LLC purchased a new stake in IES Holdings, Inc. (NASDAQ:IESC) during the 3rd quarter, Holdings Channel reports. The firm purchased 1,263 shares of the technology company’s stock, valued at approximately $502,000. IES makes up about 4.2% of TradeLink Capital LLC’s portfolio, making the stock its 11th biggest holding.

A number of other large investors also recently modified their holdings of the business. Global Retirement Partners LLC grew its holdings in shares of IES by 1,014.3% in the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Spire Wealth Management acquired a new position in IES during the third quarter valued at approximately $40,000. Nisa Investment Advisors LLC boosted its position in IES by 841.7% during the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in IES in the second quarter valued at approximately $47,000. Finally, Blue Trust Inc. increased its position in shares of IES by 82.7% during the 2nd quarter. Blue Trust Inc. now owns 243 shares of the technology company’s stock worth $72,000 after purchasing an additional 110 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at IES

In other IES news, CAO Mary K. Newman sold 2,000 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $477.86, for a total transaction of $955,720.00. Following the transaction, the chief accounting officer owned 21,843 shares in the company, valued at $10,437,895.98. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $411.48, for a total value of $2,057,400.00. Following the sale, the chief financial officer directly owned 65,525 shares of the company’s stock, valued at $26,962,227. This represents a 7.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 217,661 shares of company stock worth $96,387,385. 56.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IES has a consensus rating of “Buy”.

IES Stock Up 1.9%

IES stock opened at $476.97 on Wednesday. The company’s 50-day moving average price is $422.02 and its two-hundred day moving average price is $385.39. The stock has a market cap of $9.51 billion, a P/E ratio of 31.76 and a beta of 1.73. IES Holdings, Inc. has a twelve month low of $146.51 and a twelve month high of $488.62.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, November 21st. The technology company reported $3.77 earnings per share (EPS) for the quarter. The company had revenue of $897.80 million during the quarter. IES had a return on equity of 38.61% and a net margin of 8.99%.

IES Company 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.