Annex Advisory Services LLC Buys 3,522 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Annex Advisory Services LLC boosted its stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 35.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,423 shares of the technology company's stock after buying an additional 3,522 shares during the quarter. Annex Advisory Services LLC owned approximately 0.07% of IES worth $2,216,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Contravisory Investment Management Inc. raised its stake in IES by 162.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company's stock valued at $146,000 after acquiring an additional 546 shares during the period. Rhumbline Advisers increased its stake in shares of IES by 3.0% in the first quarter. Rhumbline Advisers now owns 12,663 shares of the technology company's stock worth $2,091,000 after purchasing an additional 366 shares in the last quarter. GAMMA Investing LLC raised its position in shares of IES by 17,886.4% in the first quarter. GAMMA Investing LLC now owns 42,268 shares of the technology company's stock valued at $69,790,000 after purchasing an additional 42,033 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of IES by 9.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,352 shares of the technology company's stock valued at $4,291,000 after purchasing an additional 1,891 shares during the period. Finally, Wexford Capital LP lifted its stake in shares of IES by 7.0% during the 4th quarter. Wexford Capital LP now owns 2,300 shares of the technology company's stock valued at $462,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

Insider Buying and Selling

In other IES news, CEO Jeffrey L. Et Al Gendell sold 6,722 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $275.00, for a total transaction of $1,848,550.00. Following the completion of the sale, the chief executive officer now directly owns 10,923,318 shares in the company, valued at $3,003,912,450. The trade was a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 56.76% of the stock is currently owned by company insiders.

IES Stock Down 1.2%

Shares of IES stock traded down $3.29 during trading on Monday, hitting $276.69. 249,645 shares of the stock traded hands, compared to its average volume of 175,689. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 25.76 and a beta of 1.62. IES Holdings, Inc. has a 52 week low of $124.55 and a 52 week high of $320.09. The firm's fifty day moving average is $221.03 and its 200-day moving average is $221.01.

IES (NASDAQ:IESC - Get Free Report) last issued its earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The company had revenue of $834.00 million for the quarter.

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.