Colonial River Investments LLC Purchases 249 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Colonial River Investments LLC increased its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 6.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,043 shares of the technology company’s stock after purchasing an additional 249 shares during the quarter. Colonial River Investments LLC’s holdings in IES were worth $812,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Partners Public Asset Management LLC lifted its stake in shares of IES by 165.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after purchasing an additional 74,438 shares during the period. Franklin Resources Inc. lifted its stake in shares of IES by 79.3% in the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock valued at $31,026,000 after purchasing an additional 68,750 shares during the period. FMR LLC lifted its stake in shares of IES by 4.6% in the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after purchasing an additional 65,145 shares during the period. F M Investments LLC purchased a new position in shares of IES in the 3rd quarter valued at approximately $10,887,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of IES in the 3rd quarter valued at approximately $10,426,000. 86.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at IES

In other IES news, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction on Thursday, December 12th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of IES stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the sale, the chief executive officer now directly owns 10,958,900 shares of the company’s stock, valued at approximately $2,820,492,093. The trade was a 0.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,359 shares of company stock worth $7,341,029. 56.76% of the stock is owned by insiders.

IES Trading Down 2.8 %

Shares of NASDAQ:IESC opened at $193.35 on Monday. The stock has a fifty day simple moving average of $227.25 and a two-hundred day simple moving average of $220.36. 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 Holdings, Inc. has a 12-month low of $99.16 and a 12-month high of $320.08.

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 return on equity of 35.81% and a net margin of 7.30%.

IES Company 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.