Savant Capital LLC Decreases Position in IES Holdings, Inc. $IESC

Savant Capital LLC trimmed its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 79.9% during the fourth quarter, Holdings Channel reports. The firm owned 694 shares of the technology company’s stock after selling 2,755 shares during the quarter. Savant Capital LLC’s holdings in IES were worth $270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted its position in shares of IES by 7.5% in the fourth quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock valued at $156,000 after acquiring an additional 28 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of IES by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock valued at $95,000 after acquiring an additional 31 shares in the last quarter. Comerica Bank lifted its position in shares of IES by 11.8% in the fourth quarter. Comerica Bank now owns 418 shares of the technology company’s stock valued at $162,000 after acquiring an additional 44 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of IES by 59.0% in the fourth quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after acquiring an additional 46 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of IES by 1.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company’s stock valued at $1,468,000 after acquiring an additional 51 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Price Performance

Shares of NASDAQ:IESC opened at $720.72 on Friday. The firm has a market capitalization of $14.36 billion, a PE ratio of 38.44 and a beta of 1.78. The business has a 50-day moving average of $603.31 and a two-hundred day moving average of $498.25. IES Holdings, Inc. has a 12 month low of $259.30 and a 12 month high of $744.88.

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

Insider Transactions at IES

In other IES news, CFO Tracy Mclauchlin sold 3,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the completion of the sale, the chief financial officer directly owned 62,525 shares in the company, valued at $41,429,690.25. This represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Todd M. Cleveland sold 11,578 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $663.52, for a total value of $7,682,234.56. Following the sale, the director owned 65,817 shares of the company’s stock, valued at $43,670,895.84. This represents a 14.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 156,382 shares of company stock valued at $107,366,474. Insiders own 56.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on IESC shares. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Wall Street Zen downgraded 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 given a Hold rating to the stock. According to data from MarketBeat, IES has a consensus rating of “Moderate Buy” and a consensus price target 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.