LRT Capital Management LLC Sells 2,624 Shares of IES Holdings, Inc. $IESC

LRT Capital Management LLC lowered its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 32.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,481 shares of the technology company’s stock after selling 2,624 shares during the quarter. IES comprises 1.8% of LRT Capital Management LLC’s holdings, making the stock its 19th largest holding. LRT Capital Management LLC’s holdings in IES were worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. AltraVue Capital LLC boosted its position in IES by 2.1% during the third quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock valued at $66,116,000 after purchasing an additional 3,370 shares in the last quarter. Dakota Wealth Management acquired a new stake in IES in the fourth quarter worth about $1,018,000. First Trust Advisors LP boosted its holdings in IES by 982.7% in the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after acquiring an additional 293,977 shares in the last quarter. Pertento Partners LLP boosted its holdings in IES by 12.9% in the third quarter. Pertento Partners LLP now owns 178,768 shares of the technology company’s stock worth $71,087,000 after acquiring an additional 20,390 shares in the last quarter. Finally, Arete Wealth Advisors LLC boosted its holdings in IES by 260.1% in the third quarter. Arete Wealth Advisors LLC now owns 5,254 shares of the technology company’s stock worth $2,089,000 after acquiring an additional 3,795 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

IES Stock Performance

Shares of NASDAQ IESC opened at $749.83 on Friday. The company has a market cap of $14.94 billion, a PE ratio of 39.99 and a beta of 1.78. The business has a 50-day simple moving average of $628.83 and a two-hundred day simple moving average of $510.86. IES Holdings, Inc. has a fifty-two week low of $261.11 and a fifty-two week high of $768.00.

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

Insider Transactions at IES

In related news, Director Todd M. Cleveland sold 11,578 shares of IES stock in a transaction dated 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 $43,670,895.84. The trade was a 14.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew J. Simmes sold 7,000 shares of IES stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $658.24, for a total value of $4,607,680.00. Following the sale, the chief executive officer directly owned 86,575 shares of the company’s stock, valued at $56,987,128. This trade represents a 7.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 156,382 shares of company stock worth $107,366,474. 56.43% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $458.00.

IES 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.