IES Holdings, Inc. $IESC Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC trimmed its stake in IES Holdings, Inc. (NASDAQ:IESC) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,333 shares of the technology company’s stock after selling 4,880 shares during the period. IES comprises approximately 1.0% of Legato Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Legato Capital Management LLC owned approximately 0.15% of IES worth $11,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP boosted its position in IES by 982.7% during the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock valued at $128,796,000 after acquiring an additional 293,977 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in IES by 324,337.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 120,042 shares of the technology company’s stock valued at $46,699,000 after acquiring an additional 120,005 shares during the last quarter. SG Capital Management LLC bought a new stake in IES during the third quarter valued at $38,609,000. Parsifal Capital Management LP bought a new stake in IES during the third quarter valued at $25,768,000. Finally, Raymond James Financial Inc. boosted its position in IES by 3,965.1% during the third quarter. Raymond James Financial Inc. now owns 31,830 shares of the technology company’s stock valued at $12,657,000 after acquiring an additional 31,047 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IESC. Loop Capital set a $458.00 price target on shares of IES in a research report on Tuesday, February 3rd. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $458.00.

IES Trading Up 1.8%

Shares of IESC opened at $659.65 on Friday. The stock has a market capitalization of $13.15 billion, a P/E ratio of 35.18 and a beta of 1.81. The firm’s fifty day simple moving average is $555.02 and its two-hundred day simple moving average is $476.57. IES Holdings, Inc. has a 12 month low of $239.23 and a 12 month high of $700.20.

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

Insider Activity at IES

In other news, CEO Matthew J. Simmes sold 7,000 shares of the 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 transaction, the chief executive officer owned 86,575 shares of the company’s stock, valued at $56,987,128. This represents a 7.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Tracy Mclauchlin sold 3,000 shares of the 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 in the company, valued at $41,429,690.25. This trade represents a 4.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 131,517 shares of company stock worth $88,341,138 over the last quarter. Company insiders own 56.43% of the company’s stock.

IES Company 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.