Peterson Wealth Services Boosts Holdings in IES Holdings, Inc. $IESC

Peterson Wealth Services boosted its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 9,878.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,293 shares of the technology company’s stock after acquiring an additional 3,260 shares during the period. Peterson Wealth Services’ holdings in IES were worth $1,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of IESC. First Trust Advisors LP increased its stake in IES by 982.7% during the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock valued at $128,796,000 after purchasing an additional 293,977 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of IES by 324,337.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 120,042 shares of the technology company’s stock worth $46,699,000 after acquiring an additional 120,005 shares during the period. Norges Bank acquired a new stake in shares of IES in the fourth quarter worth $40,578,000. SG Capital Management LLC acquired a new stake in shares of IES in the third quarter worth $38,609,000. Finally, Parsifal Capital Management LP acquired a new stake in shares of IES in the third quarter worth $25,768,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Stock Performance

Shares of NASDAQ IESC opened at $731.33 on Friday. The company’s fifty day moving average price is $623.51 and its 200 day moving average price is $509.18. IES Holdings, Inc. has a 1 year low of $261.11 and a 1 year high of $768.00. The company has a market capitalization of $14.57 billion, a PE ratio of 39.00 and a beta of 1.78.

IES (NASDAQ:IESC) last announced its quarterly earnings results 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. IES had a net margin of 10.40% and a return on equity of 33.97%. The firm had revenue of $974.20 million for the quarter, compared to the consensus estimate of $1.01 billion.

Wall Street Analysts Forecast Growth

IESC has been the topic of a number of research reports. Freedom Capital lowered shares of IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $458.00.

Insider Activity

In other IES news, CFO Tracy Mclauchlin sold 3,000 shares of the stock in a transaction on Friday, May 8th. The shares were 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. This trade represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew J. Simmes sold 7,000 shares of the stock in a transaction on 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 directly owned 86,575 shares in the company, valued at approximately $56,987,128. The trade was a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 156,382 shares of company stock valued at $107,366,474. 56.43% of the stock is currently owned by corporate insiders.

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.