2,373 Shares in IES Holdings, Inc. $IESC Bought by RFG Advisory LLC

RFG Advisory LLC purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the third quarter, HoldingsChannel.com reports. The fund purchased 2,373 shares of the technology company’s stock, valued at approximately $944,000.

Several other institutional investors have also added to or reduced their stakes in IESC. Alps Advisors Inc. boosted its position in shares of IES by 60.5% during the third quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock worth $2,277,000 after buying an additional 2,159 shares during the period. SBI Securities Co. Ltd. increased its holdings in IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after buying an additional 60 shares during the last quarter. Savant Capital LLC raised its holdings in shares of IES by 25.2% in the 3rd quarter. Savant Capital LLC now owns 3,449 shares of the technology company’s stock valued at $1,371,000 after purchasing an additional 695 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of IES by 20.5% in the third quarter. Envestnet Asset Management Inc. now owns 3,596 shares of the technology company’s stock valued at $1,430,000 after buying an additional 611 shares during the last quarter. Finally, AlphaQuest LLC lifted its holdings in IES by 118.2% during the 3rd quarter. AlphaQuest LLC now owns 443 shares of the technology company’s stock valued at $176,000 after purchasing an additional 240 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

IES Price Performance

IES stock opened at $495.49 on Friday. The stock’s 50 day moving average is $433.83 and its 200 day moving average is $395.33. IES Holdings, Inc. has a one year low of $146.51 and a one year high of $537.70. The firm has a market cap of $9.88 billion, a P/E ratio of 29.48 and a beta of 1.72.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23). The firm had revenue of $870.96 million for the quarter, compared to the consensus estimate of $876.00 million. IES had a return on equity of 35.62% and a net margin of 9.70%.

Insider Buying and Selling at IES

In other IES news, insider Matthew Michael Allen sold 700 shares of IES stock in a transaction on Monday, December 15th. The shares were sold at an average price of $457.95, for a total value of $320,565.00. Following the completion of the sale, the insider directly owned 1,098 shares of the company’s stock, valued at approximately $502,829.10. The trade was a 38.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $473.25, for a total value of $36,156,300.00. Following the completion of the sale, the chairman directly owned 10,595,320 shares of the company’s stock, valued at $5,014,235,190. The trade was a 0.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 217,661 shares of company stock valued at $96,387,385 over the last ninety days. Insiders own 56.43% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on IESC. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Loop Capital set a $458.00 target price on IES in a research note on Tuesday, February 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, IES presently has a consensus rating of “Buy” and an average target price of $458.00.

About IES

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.