IES Holdings, Inc. $IESC Shares Sold by State of Wyoming

State of Wyoming cut its stake in IES Holdings, Inc. (NASDAQ:IESC) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,065 shares of the technology company’s stock after selling 3,732 shares during the quarter. IES comprises about 1.0% of State of Wyoming’s investment portfolio, making the stock its 7th biggest position. State of Wyoming owned 0.12% of IES worth $9,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Orion Porfolio Solutions LLC lifted its position in shares of IES by 85.0% during the second quarter. Orion Porfolio Solutions LLC now owns 5,649 shares of the technology company’s stock worth $1,673,000 after purchasing an additional 2,596 shares in the last quarter. Atria Investments Inc purchased a new stake in IES during the 2nd quarter worth $291,000. Vanguard Personalized Indexing Management LLC purchased a new stake in IES during the 2nd quarter worth $243,000. Arrowstreet Capital Limited Partnership lifted its holdings in IES by 50.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 110,313 shares of the technology company’s stock worth $32,678,000 after buying an additional 36,845 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in IES by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock valued at $78,210,000 after buying an additional 12,026 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity at IES

In other news, Director David B. Gendell sold 17,867 shares of IES stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $452.20, for a total value of $8,079,457.40. Following the completion of the transaction, the director owned 70,669 shares in the company, valued at approximately $31,956,521.80. This trade represents a 20.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew J. Simmes sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $406.96, for a total value of $4,069,600.00. Following the sale, the chief executive officer directly owned 98,575 shares in the company, valued at approximately $40,116,082. This represents a 9.21% 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 worth $96,387,385 over the last quarter. 56.43% of the stock is owned by corporate insiders.

IES Stock Performance

IESC opened at $380.29 on Monday. The company has a market capitalization of $7.58 billion, a P/E ratio of 22.62 and a beta of 1.72. The company has a 50-day moving average of $426.64 and a 200-day moving average of $388.20. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $488.62.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 EPS for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.23). The firm had revenue of $870.96 million during the quarter, compared to analyst estimates of $876.00 million. IES had a return on equity of 37.54% and a net margin of 9.70%.

Analyst Ratings Changes

IESC has been the topic of a number of analyst reports. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 30th. Weiss Ratings restated a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, IES currently has an average rating of “Buy”.

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.