Pier 88 Investment Partners LLC Makes New Investment in IES Holdings, Inc. $IESC

Pier 88 Investment Partners LLC bought a new position in IES Holdings, Inc. (NASDAQ:IESC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,800 shares of the technology company’s stock, valued at approximately $716,000.

Several other hedge funds have also made changes to their positions in IESC. F m Investments LLC grew its stake in IES by 0.3% during the 2nd quarter. F m Investments LLC now owns 16,235 shares of the technology company’s stock worth $4,809,000 after buying an additional 51 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 buying an additional 51 shares during the last quarter. Two Sigma Securities LLC boosted its holdings in shares of IES by 3.2% during the second quarter. Two Sigma Securities LLC now owns 1,959 shares of the technology company’s stock valued at $580,000 after acquiring an additional 61 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of IES by 7.2% during the second quarter. Ameritas Investment Partners Inc. now owns 923 shares of the technology company’s stock worth $273,000 after acquiring an additional 62 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of IES by 1,014.3% in the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after acquiring an additional 71 shares during the period. Institutional investors own 86.60% of the company’s stock.

Insiders Place Their Bets

In other news, Director David B. Gendell sold 17,867 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $452.20, for a total transaction of $8,079,457.40. Following the sale, the director directly owned 70,669 shares of the company’s stock, valued at $31,956,521.80. The trade was a 20.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $411.48, for a total value of $2,057,400.00. Following the sale, the chief financial officer owned 65,525 shares in the company, valued at approximately $26,962,227. The trade was a 7.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 217,661 shares of company stock worth $96,387,385. Corporate insiders own 56.43% of the company’s stock.

IES Trading Up 1.5%

Shares of NASDAQ IESC opened at $468.21 on Tuesday. IES Holdings, Inc. has a twelve month low of $146.51 and a twelve month high of $482.35. The firm has a 50-day moving average of $419.65 and a two-hundred day moving average of $384.21. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 31.17 and a beta of 1.73.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, November 21st. The technology company reported $3.77 earnings per share (EPS) for the quarter. The company had revenue of $897.80 million for the quarter. IES had a net margin of 8.99% and a return on equity of 38.61%.

Analysts Set New Price Targets

Several research firms have commented on IESC. Weiss Ratings restated a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

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.