Navellier & Associates Inc. Buys 2,153 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Navellier & Associates Inc. boosted its stake in IES Holdings, Inc. (NASDAQ:IESC) by 70.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 large investors have also added to or reduced their stakes in IESC. Creative Planning bought a new stake in IES in the 3rd quarter worth approximately $329,000. Cavalier Investments LLC bought a new stake in IES in the 3rd quarter worth approximately $1,092,000. Andina Capital Management LLC grew its position in IES by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company’s stock worth $498,000 after purchasing an additional 96 shares during the period. Petra Financial Advisors Inc. grew its position in shares of IES by 14.1% during the 3rd 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 period. Finally, F M Investments LLC bought a new stake in shares of IES during the 3rd quarter valued at $10,887,000. Institutional investors own 86.60% of the company’s stock.

IES Stock Performance

IESC opened at $193.35 on Friday. IES Holdings, Inc. has a fifty-two week low of $99.16 and a fifty-two week high of $320.08. The firm’s fifty day moving average is $227.25 and its 200 day moving average is $219.91. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 18.00 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the transaction, the chief executive officer now directly owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. This represents a 0.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mary K. Newman sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total transaction of $715,575.00. Following the transaction, the vice president now owns 18,286 shares in the company, valued at $5,234,001.78. The trade was a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,359 shares of company stock worth $7,341,029. 56.76% of the stock is currently owned by corporate insiders.

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.