Pertento Partners LLP Grows Stake in IES Holdings, Inc. $IESC

Key Points

• Pertento Partners LLP boosted its stake in IES Holdings by 12.9% in the third quarter to 178,768 shares (an additional 20,390 shares), representing about 8.2% of Pertento’s portfolio and roughly 0.90% of IES valued at ~$71.09M.
• Insider selling has been significant: Chairman Jeffrey Gendell sold 320 shares at $520.43 and CEO Matthew Simmes sold 5,000 shares at $506.26, with insiders offloading 21,359 shares (~$10.96M) in the last quarter and insiders reported as owning 56.43%.
• Recent results and analyst view: IES missed quarterly EPS estimates ($3.71 vs. $3.94) and slightly missed revenue ($870.96M vs. $876M); analysts maintain a consensus "Buy" rating with an average target of $458, while the stock trades around a $8.81B market cap and a 52-week range of $146.51–$537.70.

Pertento Partners LLP boosted its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 12.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,768 shares of the technology company's stock after buying an additional 20,390 shares during the period. IES makes up approximately 8.2% of Pertento Partners LLP's portfolio, making the stock its 4th biggest position. Pertento Partners LLP owned approximately 0.90% of IES worth $71,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IESC. F m Investments LLC grew its stake in IES by 0.3% in the second quarter. F m Investments LLC now owns 16,235 shares of the technology company's stock valued at $4,809,000 after acquiring an additional 51 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of IES by 1.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company's stock worth $1,468,000 after purchasing an additional 51 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of IES by 157.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company's stock worth $39,000 after purchasing an additional 60 shares in the last quarter. Two Sigma Securities LLC grew its position in IES by 3.2% in the 2nd quarter. Two Sigma Securities LLC now owns 1,959 shares of the technology company's stock valued at $580,000 after purchasing an additional 61 shares during the period. Finally, Ameritas Investment Partners Inc. grew its position in IES by 7.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 923 shares of the technology company's stock valued at $273,000 after purchasing an additional 62 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IESC has been the topic of several research reports. Weiss Ratings restated a "buy (b)" rating on shares of IES in a report on Monday, December 22nd. Wall Street Zen downgraded shares of IES from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 7th. Finally, Loop Capital set a $458.00 target price on shares of IES in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, IES presently has a consensus rating of "Buy" and an average target price of $458.00.

Insider Buying and Selling

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 320 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $520.43, for a total value of $166,537.60. Following the sale, the chairman directly owned 10,587,161 shares in the company, valued at $5,509,876,199.23. The trade was a 0.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew J. Simmes sold 5,000 shares of the company's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $506.26, for a total value of $2,531,300.00. Following the transaction, the chief executive officer directly owned 93,575 shares in the company, valued at $47,373,279.50. This represents a 5.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 21,359 shares of company stock valued at $10,957,505. 56.43% of the stock is owned by company insiders.

IES Price Performance

Shares of IES stock opened at $442.14 on Thursday. The firm has a market cap of $8.81 billion, a PE ratio of 26.30 and a beta of 1.68. IES Holdings, Inc. has a 1 year low of $146.51 and a 1 year high of $537.70. The stock has a fifty day moving average price of $457.96 and a 200-day moving average price of $415.42.

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

IES Profile

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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