2,987 Shares in IES Holdings, Inc. $IESC Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,987 shares of the technology company’s stock, valued at approximately $1,162,000.

Several other institutional investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in shares of IES in the 4th quarter worth $38,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of IES by 366.7% during the fourth 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 in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of IES by 59.0% during the fourth 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 in the last quarter. Larson Financial Group LLC lifted its holdings in shares of IES by 2,100.0% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock valued at $51,000 after purchasing an additional 126 shares in the last quarter. Finally, Greenline Wealth Management LLC purchased a new stake in shares of IES during the fourth quarter valued at $56,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Price Performance

NASDAQ:IESC opened at $712.87 on Friday. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 38.02 and a beta of 1.78. IES Holdings, Inc. has a one year low of $265.00 and a one year high of $779.00. The business has a fifty day moving average price of $650.32 and a 200-day moving average price of $521.11.

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

Insiders Place Their Bets

In other news, CFO Tracy Mclauchlin sold 3,000 shares of IES 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 transaction, the chief financial officer directly owned 62,525 shares of the company’s stock, valued at $41,429,690.25. The trade was a 4.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Todd M. Cleveland sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $761.89, for a total value of $3,809,450.00. Following the transaction, the director owned 60,874 shares of the company’s stock, valued at approximately $46,379,291.86. This trade represents a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 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

Several equities research analysts recently commented 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 cut shares of IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, IES currently has an average rating of “Moderate Buy” and an average price target 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.