Sunbelt Securities Inc. Takes Position in IES Holdings, Inc. (NASDAQ:IESC)

Sunbelt Securities Inc. purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 395 shares of the technology company’s stock, valued at approximately $48,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new position in shares of IES during the third quarter worth approximately $41,000. Quest Partners LLC bought a new position in IES in the 4th quarter worth approximately $134,000. SG Americas Securities LLC acquired a new position in IES during the 4th quarter worth $208,000. Peterson Wealth Services bought a new position in IES in the 4th quarter valued at $218,000. Finally, Virtu Financial LLC acquired a new stake in shares of IES in the 4th quarter valued at $259,000. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In other IES news, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $160.50, for a total value of $521,785.50. Following the transaction, the chief executive officer now owns 11,406,594 shares of the company’s stock, valued at $1,830,758,337. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other IES news, CEO Jeffrey L. Et Al Gendell sold 25,000 shares of IES stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $133.18, for a total transaction of $3,329,500.00. Following the transaction, the chief executive officer now directly owns 11,184,845 shares in the company, valued at $1,489,597,657.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of the stock in a transaction dated Thursday, May 23rd. The stock was 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 of the company’s stock, valued at $1,830,758,337. The disclosure for this sale can be found here. Insiders sold a total of 133,757 shares of company stock valued at $18,360,416 over the last three months. Company insiders own 59.19% of the company’s stock.

IES Price Performance

Shares of NASDAQ:IESC opened at $139.33 on Monday. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 21.02 and a beta of 1.36. The company has a 50 day moving average of $145.98 and a 200-day moving average of $115.29. IES Holdings, Inc. has a one year low of $53.00 and a one year high of $184.38.

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

Analyst Ratings Changes

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

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.