Cavalier Investments LLC Purchases 192 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Cavalier Investments LLC grew its position in IES Holdings, Inc. (NASDAQ:IESC) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,664 shares of the technology company’s stock after purchasing an additional 192 shares during the period. Cavalier Investments LLC’s holdings in IES were worth $1,138,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IESC. Gladius Capital Management LP bought a new stake in shares of IES in the third quarter valued at about $44,000. KBC Group NV boosted its position in IES by 52.5% during the fourth quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after purchasing an additional 138 shares during the last quarter. City State Bank acquired a new position in IES during the fourth quarter valued at approximately $106,000. Quest Partners LLC boosted its position in IES by 159.5% during the third quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock valued at $153,000 after purchasing an additional 472 shares during the last quarter. Finally, Callahan Advisors LLC acquired a new position in IES during the fourth quarter valued at approximately $201,000. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

IES Stock Performance

Shares of NASDAQ IESC opened at $179.33 on Wednesday. The stock has a 50 day moving average price of $225.70 and a 200 day moving average price of $220.56. IES Holdings, Inc. has a 52 week low of $100.60 and a 52 week high of $320.08. The stock has a market capitalization of $3.59 billion, a PE ratio of 16.70 and a beta of 1.52.

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

Insider Buying and Selling at IES

In other IES news, COO Matthew J. Simmes sold 7,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 115,341 shares in the company, valued at $33,831,822.12. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 owns 10,958,900 shares in the company, valued at $2,820,492,093. This represents a 0.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,859 shares of company stock worth $6,625,454 over the last 90 days. Company insiders own 56.76% of the company’s stock.

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.