Truvestments Capital LLC Acquires 702 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Truvestments Capital LLC boosted its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,988 shares of the technology company’s stock after acquiring an additional 702 shares during the quarter. Truvestments Capital LLC’s holdings in IES were worth $1,203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IESC. Summit Partners Public Asset Management LLC lifted its position in IES by 165.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after acquiring an additional 74,438 shares in the last quarter. Franklin Resources Inc. lifted its position in IES by 79.3% in the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock valued at $31,026,000 after acquiring an additional 68,750 shares in the last quarter. FMR LLC lifted its position in IES by 4.6% in the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after acquiring an additional 65,145 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in IES in the 3rd quarter valued at approximately $10,426,000. Finally, Royce & Associates LP lifted its position in IES by 15.1% in the 3rd quarter. Royce & Associates LP now owns 294,808 shares of the technology company’s stock valued at $58,850,000 after acquiring an additional 38,783 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Insider Transactions at IES

In other news, CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the completion of the sale, the chief financial officer now directly owns 71,177 shares in the company, valued at $18,009,204.54. This represents a 6.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the sale, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 56.76% of the stock is currently owned by company insiders.

IES Price Performance

NASDAQ IESC opened at $169.55 on Wednesday. The business’s fifty day moving average price is $217.97 and its 200-day moving average price is $220.35. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 15.79 and a beta of 1.57. IES Holdings, Inc. has a 1-year low of $100.60 and a 1-year high of $320.09.

IES (NASDAQ:IESC) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut IES from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th.

About IES

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.