Cavalier Investments LLC Has $1.14 Million Stake in IES Holdings, Inc. (NASDAQ:IESC)

Cavalier Investments LLC lifted its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,664 shares of the technology company’s stock after acquiring an additional 192 shares during the quarter. Cavalier Investments LLC’s holdings in IES were worth $1,138,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of IESC. Gladius Capital Management LP bought a new position in IES during the 3rd quarter worth $44,000. KBC Group NV raised its position 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 purchasing an additional 138 shares during the last quarter. City State Bank bought a new position in IES during the 4th quarter worth $106,000. Quest Partners LLC raised its position in IES by 159.5% during the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock worth $153,000 after purchasing an additional 472 shares during the last quarter. Finally, Callahan Advisors LLC bought a new position in IES during the 4th quarter worth $201,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Transactions at IES

In other news, COO Matthew J. Simmes sold 7,000 shares of IES stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $293.32, for a total value of $2,053,240.00. Following the completion of the transaction, the chief operating officer now directly owns 115,341 shares of the company’s stock, valued at approximately $33,831,822.12. This trade represents a 5.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,859 shares of company stock valued at $6,625,454. Corporate insiders own 56.76% of the company’s stock.

Analysts Set New Price Targets

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

IES Stock Down 0.2 %

Shares of NASDAQ:IESC opened at $179.33 on Wednesday. The business has a fifty day simple moving average of $225.70 and a 200 day simple moving average of $220.56. IES Holdings, Inc. has a 12-month low of $100.60 and a 12-month high of $320.08. The firm has a market cap of $3.59 billion, a P/E ratio of 16.70 and a beta of 1.52.

IES (NASDAQ:IESC) last posted 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%.

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.