Oakwell Private Wealth Management LLC Makes New $1.66 Million Investment in IES Holdings, Inc. (NASDAQ:IESC)

Oakwell Private Wealth Management LLC acquired a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,039 shares of the technology company's stock, valued at approximately $1,658,000. IES accounts for 0.5% of Oakwell Private Wealth Management LLC's portfolio, making the stock its 25th largest position. Oakwell Private Wealth Management LLC owned about 0.05% of IES at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of IES in the first quarter valued at approximately $36,000. National Bank of Canada FI acquired a new position in IES during the fourth quarter worth $54,000. Harbour Investments Inc. purchased a new stake in IES in the 4th quarter valued at $71,000. Comerica Bank increased its stake in shares of IES by 44.9% in the 4th quarter. Comerica Bank now owns 507 shares of the technology company's stock worth $102,000 after acquiring an additional 157 shares during the last quarter. Finally, Contravisory Investment Management Inc. raised its holdings in shares of IES by 162.5% during the 1st quarter. Contravisory Investment Management Inc. now owns 882 shares of the technology company's stock worth $146,000 after acquiring an additional 546 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $273.59, for a total value of $1,576,972.76. Following the transaction, the chief executive officer directly owned 10,917,554 shares of the company's stock, valued at $2,986,933,598.86. This trade represents a 0.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 39,630 shares of company stock worth $10,915,095. 56.76% of the stock is owned by insiders.

IES Trading Down 1.3%

NASDAQ IESC traded down $3.98 during trading hours on Tuesday, reaching $308.81. The company had a trading volume of 162,493 shares, compared to its average volume of 178,547. The stock has a market capitalization of $6.13 billion, a P/E ratio of 25.84 and a beta of 1.63. IES Holdings, Inc. has a 1-year low of $129.16 and a 1-year high of $334.48. The stock has a 50-day moving average of $278.95 and a 200 day moving average of $230.64.

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

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.