SG Americas Securities LLC Has $654,000 Stock Position in IES Holdings, Inc. $IESC

SG Americas Securities LLC trimmed its stake in IES Holdings, Inc. (NASDAQ:IESC) by 87.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,372 shares of the technology company’s stock after selling 9,913 shares during the quarter. SG Americas Securities LLC’s holdings in IES were worth $654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP increased 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 worth $128,796,000 after buying an additional 293,977 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of IES by 324,337.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 120,042 shares of the technology company’s stock worth $46,699,000 after purchasing an additional 120,005 shares in the last quarter. Norges Bank bought a new position in IES during the 4th quarter worth $40,578,000. Parsifal Capital Management LP bought a new stake in IES during the third quarter worth about $25,768,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of IES by 25.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 164,722 shares of the technology company’s stock worth $64,080,000 after acquiring an additional 33,273 shares during the period. 86.60% of the stock is owned by institutional investors.

IES Stock Down 5.1%

IESC stock traded down $34.14 during mid-day trading on Tuesday, reaching $636.65. 9,143 shares of the company traded hands, compared to its average volume of 228,291. The firm’s 50 day moving average price is $687.26 and its 200 day moving average price is $542.66. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of 33.86 and a beta of 1.78. IES Holdings, Inc. has a fifty-two week low of $291.00 and a fifty-two week high of $804.00.

IES (NASDAQ:IESC) last announced its earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.01 billion.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Freedom Capital downgraded shares of IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “buy (b)” rating on shares of IES in a report on Thursday, June 18th. Finally, Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $458.00.

Insider Buying and Selling at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 46,720 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $756.47, for a total transaction of $35,342,278.40. Following the completion of the sale, the chairman directly owned 10,406,559 shares of the company’s stock, valued at $7,872,249,686.73. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Todd M. Cleveland sold 5,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $761.89, for a total value of $3,809,450.00. Following the sale, the director directly owned 60,874 shares of the company’s stock, valued at approximately $46,379,291.86. This represents a 7.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 208,102 shares of company stock worth $146,518,202. Insiders own 56.43% of the company’s stock.

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.