Peterson Wealth Services Cuts Stake in IES Holdings, Inc. (NASDAQ:IESC)

Peterson Wealth Services trimmed its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 56.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,555 shares of the technology company's stock after selling 4,555 shares during the quarter. Peterson Wealth Services' holdings in IES were worth $587,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IESC. Vanguard Group Inc. lifted its holdings in shares of IES by 38.9% in the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock valued at $151,389,000 after buying an additional 210,925 shares during the period. Geode Capital Management LLC boosted its position in IES by 17.0% in the 4th quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company's stock worth $49,168,000 after purchasing an additional 35,474 shares in the last quarter. Invesco Ltd. boosted its position in IES by 27.6% in the 4th quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock worth $40,353,000 after purchasing an additional 43,449 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of IES by 4.6% during the 4th quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company's stock worth $32,668,000 after purchasing an additional 7,135 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of IES by 1.2% during the 4th quarter. Northern Trust Corp now owns 84,702 shares of the technology company's stock valued at $17,022,000 after purchasing an additional 983 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other IES news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total value of $7,489,572.48. Following the sale, the chief executive officer directly owned 10,930,040 shares of the company's stock, valued at approximately $3,015,816,636.80. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 39,630 shares of company stock valued at $10,915,095. Corporate insiders own 56.76% of the company's stock.

IES Stock Performance

Shares of IESC traded up $4.00 during trading hours on Thursday, hitting $327.50. The stock had a trading volume of 35,979 shares, compared to its average volume of 191,577. The firm has a 50-day moving average price of $280.73 and a 200 day moving average price of $231.78. IES Holdings, Inc. has a fifty-two week low of $129.16 and a fifty-two week high of $334.48. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 27.41 and a beta of 1.63.

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