Linscomb Wealth Inc. Makes New Investment in IES Holdings, Inc. (NASDAQ:IESC)

Linscomb Wealth Inc. purchased a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,000 shares of the technology company’s stock, valued at approximately $201,000.

A number of other hedge funds have also modified their holdings of the company. Cavalier Investments LLC lifted its position in IES by 3.5% during the fourth 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 during the period. Colonial River Investments LLC raised its stake in shares of IES by 6.6% during the 4th quarter. Colonial River Investments LLC now owns 4,043 shares of the technology company’s stock valued at $812,000 after buying an additional 249 shares during the last quarter. Navellier & Associates Inc. lifted its holdings in shares of IES by 70.9% in the 4th quarter. Navellier & Associates Inc. now owns 5,190 shares of the technology company’s stock valued at $1,043,000 after buying an additional 2,153 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of IES by 21.9% in the fourth quarter. Handelsbanken Fonder AB now owns 3,900 shares of the technology company’s stock worth $784,000 after buying an additional 700 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in IES during the fourth quarter worth about $207,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 10,957,184 shares in the company, valued at approximately $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the completion of the sale, the chief financial officer now owns 71,177 shares in the company, valued at approximately $18,009,204.54. This trade represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,859 shares of company stock valued at $6,625,454. Company insiders own 56.76% of the company’s stock.

IES Stock Performance

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. The company’s fifty day moving average price is $223.86 and its 200 day moving average price is $220.09. IES Holdings, Inc. has a 1 year low of $100.60 and a 1 year high of $320.08.

IES (NASDAQ:IESC) last posted its 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%.

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.