Annex Advisory Services LLC Sells 3,473 Shares of IES Holdings, Inc. $IESC

Key Points

• Annex Advisory Services reduced its stake in IES by 30.4% in Q4, selling 3,473 shares and now holds 7,944 shares valued at about $3.09 million.
• Insiders sold 20,659 shares worth roughly $10.64 million last quarter (including Director Todd Cleveland and Chairman Jeffrey Gendell), though corporate insiders still own 56.43% of the company.
• IES missed quarterly estimates with EPS of $3.71 versus $3.94 and slightly lower revenue, yet the stock trades near its 52‑week high (~$529) with a $10.55 billion market cap and a consensus "Buy" rating (average price target $458).

Annex Advisory Services LLC reduced its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 30.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,944 shares of the technology company's stock after selling 3,473 shares during the quarter. Annex Advisory Services LLC's holdings in IES were worth $3,090,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its position in IES by 1,014.3% in the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company's stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company's stock worth $39,000 after buying an additional 60 shares in the last quarter. Spire Wealth Management bought a new stake in IES during the 3rd quarter worth about $40,000. Federated Hermes Inc. lifted its position in IES by 91.3% during the 3rd quarter. Federated Hermes Inc. now owns 132 shares of the technology company's stock worth $52,000 after buying an additional 63 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in IES by 77.1% during the 3rd quarter. IFP Advisors Inc now owns 147 shares of the technology company's stock worth $58,000 after buying an additional 64 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other IES news, Director Todd M. Cleveland sold 3,119 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $511.81, for a total transaction of $1,596,335.39. Following the transaction, the director owned 82,517 shares in the company, valued at $42,233,025.77. This represents a 3.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Jeffrey L. Et Al Gendell sold 5,048 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $529.50, for a total transaction of $2,672,916.00. Following the sale, the chairman directly owned 10,590,272 shares of the company's stock, valued at approximately $5,607,549,024. This trade represents a 0.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,659 shares of company stock worth $10,636,940 in the last quarter. Corporate insiders own 56.43% of the company's stock.

IES Stock Performance

Shares of IESC opened at $529.22 on Thursday. IES Holdings, Inc. has a 52 week low of $164.12 and a 52 week high of $546.34. The firm has a market cap of $10.55 billion, a P/E ratio of 31.48 and a beta of 1.67. The firm's 50-day simple moving average is $483.91 and its 200 day simple moving average is $435.69.

IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.94 by ($0.23). IES had a return on equity of 35.62% and a net margin of 9.70%.The business had revenue of $870.96 million for the quarter, compared to analyst estimates of $876.00 million.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on IESC shares. Wall Street Zen lowered shares of IES from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 7th. Loop Capital set a $458.00 price objective on shares of IES in a research note on Tuesday, February 3rd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of IES in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, IES presently has a consensus rating of "Buy" and an average price target of $458.00.

About IES

IES Holdings, Inc NASDAQ: IESC is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.

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