Illinois Municipal Retirement Fund Has $5.51 Million Position in IES Holdings, Inc. $IESC

Illinois Municipal Retirement Fund lifted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 94.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,575 shares of the technology company’s stock after purchasing an additional 5,618 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in IES were worth $5,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IESC. International Assets Investment Management LLC bought a new position in IES in the 4th quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC boosted its position in IES by 366.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after buying an additional 77 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of IES by 59.0% during the fourth quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after buying an additional 46 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of IES by 2,100.0% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock worth $51,000 after buying an additional 126 shares during the last quarter. Finally, Greenline Wealth Management LLC acquired a new position in shares of IES during the fourth quarter worth $56,000. 86.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on IESC. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital lowered IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of IES in a report on Thursday, June 18th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $458.00.

IES Trading Up 0.6%

Shares of IESC opened at $613.02 on Friday. The stock’s 50-day moving average price is $684.72 and its two-hundred day moving average price is $555.12. IES Holdings, Inc. has a 12 month low of $291.55 and a 12 month high of $804.00. The company has a market capitalization of $12.21 billion, a PE ratio of 32.69 and a beta of 1.78.

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

Insider Activity at IES

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $756.47, for a total transaction of $35,342,278.40. Following the completion of the transaction, the chairman owned 10,406,559 shares in the company, valued at approximately $7,872,249,686.73. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tracy Mclauchlin sold 3,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 62,525 shares in the company, valued at $41,429,690.25. This trade represents a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 208,102 shares of company stock worth $146,518,202 over the last ninety days. Insiders own 56.43% of the company’s stock.

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.