Florida Financial Advisors LLC Buys New Shares in IES Holdings, Inc. (NASDAQ:IESC)

Florida Financial Advisors LLC bought a new position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,507 shares of the technology company's stock, valued at approximately $250,000.

A number of other large investors have also added to or reduced their stakes in the stock. CWM LLC grew its position in IES by 50.8% in the 1st quarter. CWM LLC now owns 1,354 shares of the technology company's stock worth $224,000 after purchasing an additional 456 shares during the period. Bank of New York Mellon Corp grew its position in IES by 9.8% in the 1st quarter. Bank of New York Mellon Corp now owns 25,428 shares of the technology company's stock worth $4,198,000 after purchasing an additional 2,273 shares during the period. Catalyst Capital Advisors LLC bought a new stake in IES in the 1st quarter worth approximately $36,000. Principal Financial Group Inc. grew its position in IES by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 8,447 shares of the technology company's stock worth $1,395,000 after purchasing an additional 95 shares during the period. Finally, Summit Trail Advisors LLC grew its position in IES by 7.6% in the 1st quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company's stock worth $221,000 after purchasing an additional 95 shares during the period. Institutional investors own 86.60% of the company's stock.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $273.59, for a total transaction of $1,576,972.76. Following the completion of the sale, the chief executive officer owned 10,917,554 shares of the company's stock, valued at $2,986,933,598.86. The trade was a 0.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 39,630 shares of company stock worth $10,915,095. Insiders own 56.76% of the company's stock.

IES Trading Up 0.8%

NASDAQ:IESC traded up $2.73 during trading hours on Friday, reaching $328.67. The company had a trading volume of 85,287 shares, compared to its average volume of 176,522. IES Holdings, Inc. has a 52 week low of $129.16 and a 52 week high of $334.07. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 27.45 and a beta of 1.63. The firm's 50 day moving average price is $277.30 and its 200-day moving average price is $229.42.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. IES had a net margin of 7.76% and a return on equity of 36.49%. The firm had revenue of $834.00 million during the quarter.

IES 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.