Coombe Bender & Co LLC Buys 1,683 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Coombe Bender & Co LLC grew its stake in IES Holdings, Inc. (NASDAQ:IESC) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 62,647 shares of the technology company’s stock after buying an additional 1,683 shares during the quarter. IES accounts for approximately 3.1% of Coombe Bender & Co LLC’s portfolio, making the stock its 10th biggest position. Coombe Bender & Co LLC’s holdings in IES were worth $4,963,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in IES by 1,078.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 589 shares of the technology company’s stock worth $39,000 after purchasing an additional 539 shares in the last quarter. Acadian Asset Management LLC acquired a new position in IES in the third quarter valued at $41,000. SG Americas Securities LLC purchased a new position in shares of IES during the fourth quarter worth about $208,000. Peterson Wealth Services acquired a new stake in shares of IES during the fourth quarter worth about $218,000. Finally, Alps Advisors Inc. purchased a new stake in shares of IES in the 3rd quarter valued at about $314,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Stock Up 1.2 %

NASDAQ:IESC traded up $1.59 during mid-day trading on Thursday, reaching $134.13. 61,825 shares of the stock were exchanged, compared to its average volume of 104,050. The company has a 50 day simple moving average of $117.30 and a 200-day simple moving average of $90.87. IES Holdings, Inc. has a 1 year low of $42.44 and a 1 year high of $139.46. The stock has a market capitalization of $2.71 billion, a P/E ratio of 25.33 and a beta of 1.31.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, February 2nd. The technology company reported $1.87 EPS for the quarter. The company had revenue of $634.40 million for the quarter. IES had a net margin of 4.41% and a return on equity of 26.83%.

Insider Activity

In related news, Director Todd M. Cleveland sold 13,513 shares of IES stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $115.16, for a total value of $1,556,157.08. Following the transaction, the director now directly owns 114,236 shares in the company, valued at approximately $13,155,417.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other IES news, Director Todd M. Cleveland sold 13,513 shares of IES stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $115.16, for a total value of $1,556,157.08. Following the sale, the director now owns 114,236 shares of the company’s stock, valued at approximately $13,155,417.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $115.14, for a total value of $575,700.00. Following the transaction, the chief financial officer now directly owns 69,377 shares of the company’s stock, valued at $7,988,067.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,294 shares of company stock valued at $11,283,205. Company insiders own 59.19% of the company’s stock.

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.