Sunbelt Securities Inc. Buys Shares of 395 IES Holdings, Inc. (NASDAQ:IESC)

Sunbelt Securities Inc. purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 395 shares of the technology company’s stock, valued at approximately $48,000.

Several other hedge funds have also made changes to their positions in the business. Acadian Asset Management LLC purchased a new stake in IES during the 3rd quarter worth approximately $41,000. Quest Partners LLC acquired a new stake in shares of IES in the fourth quarter valued at $134,000. SG Americas Securities LLC purchased a new position in IES in the fourth quarter valued at $208,000. Peterson Wealth Services acquired a new position in IES during the 4th quarter worth $218,000. Finally, Virtu Financial LLC purchased a new stake in IES during the 4th quarter worth about $259,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Trading Up 1.3 %

Shares of NASDAQ:IESC opened at $139.33 on Monday. IES Holdings, Inc. has a 52 week low of $53.00 and a 52 week high of $184.38. The company’s 50 day moving average is $145.98 and its two-hundred day moving average is $115.29. The company has a market cap of $2.82 billion, a PE ratio of 21.02 and a beta of 1.36.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, May 3rd. The technology company reported $2.29 earnings per share (EPS) for the quarter. IES had a return on equity of 30.22% and a net margin of 5.27%. The firm had revenue of $705.80 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday.

Insider Buying and Selling at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $160.50, for a total value of $521,785.50. Following the completion of the sale, the chief executive officer now owns 11,406,594 shares in the company, valued at approximately $1,830,758,337. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other IES news, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $160.50, for a total transaction of $521,785.50. Following the completion of the sale, the chief executive officer now directly owns 11,406,594 shares of the company’s stock, valued at approximately $1,830,758,337. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Matthew J. Simmes sold 14,000 shares of IES stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $170.52, for a total value of $2,387,280.00. Following the completion of the transaction, the chief operating officer now owns 73,110 shares in the company, valued at $12,466,717.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,757 shares of company stock worth $18,360,416. 59.19% of the stock is owned by insiders.

IES Profile

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.