Linscomb Wealth Inc. Acquires Shares of 1,000 IES Holdings, Inc. (NASDAQ:IESC)

Linscomb Wealth Inc. bought a new position in IES Holdings, Inc. (NASDAQ:IESC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,000 shares of the technology company’s stock, valued at approximately $201,000.

Other institutional investors have also modified their holdings of the company. Peterson Wealth Services increased its stake in shares of IES by 1.2% during the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock valued at $1,630,000 after buying an additional 100 shares during the period. KBC Group NV grew its holdings in IES by 52.5% during the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after acquiring an additional 138 shares in the last quarter. Rhumbline Advisers increased its position in IES by 1.4% during the 4th quarter. Rhumbline Advisers now owns 12,297 shares of the technology company’s stock valued at $2,471,000 after purchasing an additional 171 shares during the period. Cavalier Investments LLC raised its holdings in shares of IES by 3.5% in the 4th quarter. Cavalier Investments LLC now owns 5,664 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 192 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of IES in the 3rd quarter valued at about $44,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the transaction, the chief executive officer now directly owns 10,958,900 shares in the company, valued at $2,820,492,093. The trade was a 0.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were 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 owns 71,177 shares of the company’s stock, valued at approximately $18,009,204.54. This trade represents a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,859 shares of company stock valued at $6,625,454 in the last 90 days. Insiders own 56.76% of the company’s stock.

IES Trading Up 2.1 %

Shares of NASDAQ:IESC opened at $178.33 on Friday. The company has a market capitalization of $3.57 billion, a PE ratio of 16.60 and a beta of 1.52. IES Holdings, Inc. has a 12-month low of $100.60 and a 12-month high of $320.08. The business’s fifty day simple moving average is $223.86 and its 200-day simple moving average is $220.09.

IES (NASDAQ:IESC) last issued its quarterly earnings data 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%.

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.