Thrivent Financial for Lutherans Reduces Stock Position in IES Holdings, Inc. $IESC

by · The Cerbat Gem

Thrivent Financial for Lutherans trimmed its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC – Free Report) by 29.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,937 shares of the technology company’s stock after selling 60,710 shares during the quarter. Thrivent Financial for Lutherans owned 0.75% of IES worth $59,225,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. F m Investments LLC increased its stake in IES by 0.3% during the second quarter. F m Investments LLC now owns 16,235 shares of the technology company’s stock worth $4,809,000 after acquiring an additional 51 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of IES by 1.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company’s stock worth $1,468,000 after purchasing an additional 51 shares during the period. Two Sigma Securities LLC increased its position in shares of IES by 3.2% during the 2nd quarter. Two Sigma Securities LLC now owns 1,959 shares of the technology company’s stock valued at $580,000 after purchasing an additional 61 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in IES by 7.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 923 shares of the technology company’s stock valued at $273,000 after buying an additional 62 shares during the period. Finally, Federated Hermes Inc. lifted its position in IES by 91.3% in the third quarter. Federated Hermes Inc. now owns 132 shares of the technology company’s stock worth $52,000 after buying an additional 63 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

IES Price Performance

Shares of IESC stock opened at $380.29 on Monday. The company’s 50-day simple moving average is $426.64 and its two-hundred day simple moving average is $388.20. IES Holdings, Inc. has a one year low of $146.51 and a one year high of $488.62. The company has a market capitalization of $7.58 billion, a P/E ratio of 22.62 and a beta of 1.72.

IES (NASDAQ:IESC – Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23). The firm had revenue of $870.96 million during the quarter, compared to the consensus estimate of $876.00 million. IES had a return on equity of 37.54% and a net margin of 9.70%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, IES has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on IES

Insider Activity at IES

In other IES news, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $411.48, for a total transaction of $2,057,400.00. Following the transaction, the chief financial officer owned 65,525 shares of the company’s stock, valued at approximately $26,962,227. This trade represents a 7.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David B. Gendell sold 17,867 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $452.20, for a total transaction of $8,079,457.40. Following the completion of the sale, the director directly owned 70,669 shares of the company’s stock, valued at $31,956,521.80. The trade was a 20.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 217,661 shares of company stock worth $96,387,385 over the last quarter. Corporate insiders own 56.43% of the company’s stock.

IES Profile

(Free Report)

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.

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