Truvestments Capital LLC Raises Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

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

Other institutional investors have also recently made changes to their positions in the company. J.Safra Asset Management Corp grew its position in shares of IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after purchasing an additional 50 shares in the last quarter. Smithfield Trust Co purchased a new position in shares of IES during the fourth quarter valued at about $34,000. Gladius Capital Management LP purchased a new position in shares of IES during the third quarter valued at about $44,000. Jones Financial Companies Lllp purchased a new position in shares of IES during the fourth quarter valued at about $74,000. Finally, KBC Group NV grew its position in shares of IES by 52.5% during the fourth quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

IES Trading Up 4.5 %

Shares of NASDAQ:IESC opened at $169.55 on Wednesday. IES Holdings, Inc. has a 12 month low of $100.60 and a 12 month high of $320.09. The company has a 50-day moving average price of $217.97 and a 200 day moving average price of $220.35. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 15.79 and a beta of 1.57.

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

Insiders Place Their Bets

In other news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $252.25, for a total transaction of $118,557.50. Following the transaction, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the transaction, the chief financial officer now directly owns 71,177 shares in the company, 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. 56.76% 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.