Navellier & Associates Inc. Increases Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Navellier & Associates Inc. lifted its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 70.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,190 shares of the technology company’s stock after purchasing an additional 2,153 shares during the period. Navellier & Associates Inc.’s holdings in IES were worth $1,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IESC. Creative Planning purchased a new stake in IES during the third quarter valued at approximately $329,000. Cavalier Investments LLC purchased a new stake in IES during the third quarter valued at approximately $1,092,000. Andina Capital Management LLC lifted its position in IES by 4.0% during the third quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company’s stock valued at $498,000 after acquiring an additional 96 shares during the last quarter. Petra Financial Advisors Inc. lifted its position in IES by 14.1% during the third quarter. Petra Financial Advisors Inc. now owns 3,899 shares of the technology company’s stock valued at $778,000 after acquiring an additional 481 shares during the last quarter. Finally, F M Investments LLC purchased a new stake in IES during the third quarter valued at approximately $10,887,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 71,177 shares of the company’s stock, valued at approximately $18,009,204.54. This represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,359 shares of company stock valued at $7,341,029. Insiders own 56.76% of the company’s stock.

IES Stock Down 2.8 %

NASDAQ:IESC opened at $193.35 on Friday. IES Holdings, Inc. has a 52 week low of $99.16 and a 52 week high of $320.08. The firm has a 50 day moving average of $227.25 and a 200 day moving average of $219.91. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 18.00 and a beta of 1.52.

IES (NASDAQ:IESC) last posted its quarterly earnings results 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%.

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.