Swiss Life Asset Management Ltd Invests $340,000 in IES Holdings, Inc. $IESC

Swiss Life Asset Management Ltd acquired a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 4th quarter, Holdings Channel reports. The fund acquired 874 shares of the technology company’s stock, valued at approximately $340,000.

Several other institutional investors also recently bought and sold shares of IESC. International Assets Investment Management LLC purchased a new stake in IES during the 4th quarter valued at about $38,000. SBI Securities Co. Ltd. grew its position in IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after purchasing an additional 60 shares during the last quarter. Federated Hermes Inc. grew its position in IES by 91.3% during the 3rd quarter. Federated Hermes Inc. now owns 132 shares of the technology company’s stock valued at $52,000 after purchasing an additional 63 shares during the last quarter. IFP Advisors Inc grew its position in IES by 77.1% during the 3rd quarter. IFP Advisors Inc now owns 147 shares of the technology company’s stock valued at $58,000 after purchasing an additional 64 shares during the last quarter. Finally, US Bancorp DE grew its position in IES by 255.0% during the 3rd quarter. US Bancorp DE now owns 213 shares of the technology company’s stock valued at $85,000 after purchasing an additional 153 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Stock Down 4.1%

Shares of NASDAQ IESC opened at $654.28 on Tuesday. The firm’s 50-day moving average price is $538.39 and its 200-day moving average price is $470.04. The company has a market cap of $13.04 billion, a PE ratio of 34.89 and a beta of 1.81. IES Holdings, Inc. has a 52-week low of $235.99 and a 52-week high of $700.20.

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, beating analysts’ consensus estimates of $3.95 by $0.21. The firm had revenue of $974.20 million for the quarter, compared to the consensus estimate of $1.01 billion. IES had a net margin of 10.40% and a return on equity of 33.97%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IESC shares. Loop Capital set a $458.00 price objective on shares of IES in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Freedom Capital downgraded shares of IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $458.00.

Insider Activity at IES

In other news, CEO Matthew J. Simmes sold 7,000 shares of the firm’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 sale, the chief executive officer owned 86,575 shares of the company’s stock, valued at $56,987,128. This trade represents a 7.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tracy Mclauchlin sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer directly owned 62,525 shares in the company, valued at approximately $41,429,690.25. The trade was a 4.58% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 136,517 shares of company stock worth $90,872,438. 56.43% of the stock is owned by insiders.

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.