Dimensional Fund Advisors LP Has $218.15 Million Holdings in IES Holdings, Inc. $IESC

Dimensional Fund Advisors LP lifted its position in IES Holdings, Inc. (NASDAQ:IESC) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,949 shares of the technology company’s stock after buying an additional 882 shares during the quarter. Dimensional Fund Advisors LP’s holdings in IES were worth $218,150,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in IES by 121.4% in the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after acquiring an additional 34 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of IES during the 4th quarter worth about $38,000. Steward Partners Investment Advisory LLC raised its holdings in shares of IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after purchasing an additional 77 shares during the period. Global Retirement Partners LLC lifted its stake in IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after purchasing an additional 46 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in IES by 2,100.0% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock worth $51,000 after purchasing an additional 126 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at IES

In other news, Director Todd M. Cleveland sold 11,578 shares of IES stock in a transaction 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 owned 65,817 shares of the company’s stock, valued at approximately $43,670,895.84. This trade represents a 14.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew J. Simmes sold 7,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total transaction of $4,607,680.00. Following the completion of the sale, the chief executive officer directly owned 86,575 shares of the company’s stock, valued at approximately $56,987,128. The trade was a 7.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 208,102 shares of company stock worth $146,518,202 over the last quarter. 56.43% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

IESC has been the topic of several research analyst reports. Freedom Capital lowered IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “buy (b)” rating on shares of IES in a research note on Thursday, June 18th. Finally, Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $458.00.

IES Trading Down 1.6%

IES stock opened at $663.70 on Friday. IES Holdings, Inc. has a 12 month low of $309.51 and a 12 month high of $804.00. The stock’s 50 day moving average is $681.95 and its 200-day moving average is $563.46. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of 35.40 and a beta of 1.78.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share for the quarter, topping the consensus estimate 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%.

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.