Vestcor Inc Purchases 1,000 Shares of IES Holdings, Inc. $IESC

Vestcor Inc raised its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 166.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,602 shares of the technology company’s stock after buying an additional 1,000 shares during the quarter. Vestcor Inc’s holdings in IES were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in IES by 7.5% during 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 during the period. GAMMA Investing LLC boosted its holdings in IES by 14.6% during 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 during the period. Comerica Bank boosted its holdings in IES by 11.8% during 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 during the period. Global Retirement Partners LLC boosted its holdings in 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 acquiring an additional 46 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in IES by 1.0% during 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 during the period. 86.60% of the stock is currently owned by institutional investors.

Insider Activity at IES

In other news, CEO Matthew J. Simmes sold 7,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total transaction of $4,607,680.00. Following the completion of the transaction, the chief executive officer owned 86,575 shares of the company’s stock, valued at approximately $56,987,128. This represents a 7.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Todd M. Cleveland sold 11,578 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $663.52, for a total transaction of $7,682,234.56. Following the transaction, the director directly owned 65,817 shares of the company’s stock, valued at $43,670,895.84. This represents a 14.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 156,382 shares of company stock worth $107,366,474 over the last ninety days. Corporate insiders own 56.43% of the company’s stock.

IES Stock Performance

Shares of IESC opened at $734.91 on Tuesday. The company has a 50-day simple moving average of $608.63 and a 200-day simple moving average of $501.88. The firm has a market capitalization of $14.64 billion, a P/E ratio of 39.20 and a beta of 1.78. IES Holdings, Inc. has a 52 week low of $259.30 and a 52 week high of $744.88.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen cut shares of 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 report 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate 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.