IES (NASDAQ:IESC) CFO Tracy Mclauchlin Sells 3,000 Shares

IES Holdings, Inc. (NASDAQ:IESC) CFO Tracy Mclauchlin sold 3,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $662.61, for a total value of $1,987,830.00. Following the completion of the transaction, the chief financial officer owned 62,525 shares in the company, valued at approximately $41,429,690.25. The trade was a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

IES Stock Up 0.1%

IES stock traded up $0.37 during mid-day trading on Tuesday, hitting $685.48. The company had a trading volume of 143,430 shares, compared to its average volume of 210,818. IES Holdings, Inc. has a 1 year low of $235.99 and a 1 year high of $700.20. The stock has a market cap of $13.66 billion, a price-to-earnings ratio of 36.56 and a beta of 1.81. The business has a fifty day moving average of $518.44 and a 200 day moving average of $460.20.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.95 by $0.21. The company had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Loop Capital set a $458.00 price objective on IES in a research report on Tuesday, February 3rd. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $458.00.

Institutional Investors Weigh In On IES

Several institutional investors and hedge funds have recently made changes to their positions in IESC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in IES by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock worth $810,000 after purchasing an additional 223 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of IES by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock worth $3,762,000 after buying an additional 1,435 shares in the last quarter. Prudential Financial Inc. acquired a new position in shares of IES in the second quarter valued at approximately $365,000. Quantbot Technologies LP acquired a new position in shares of IES in the second quarter valued at approximately $89,000. Finally, Invesco Ltd. lifted its stake in shares of IES by 43.7% during the second quarter. Invesco Ltd. now owns 91,567 shares of the technology company’s stock valued at $27,125,000 after buying an additional 27,849 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Company 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.