IES (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell Sells 30,310 Shares

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 30,310 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $705.93, for a total value of $21,396,738.30. Following the transaction, the chairman owned 10,453,279 shares in the company, valued at approximately $7,379,283,244.47. This trade represents a 0.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

IES Stock Performance

IESC traded up $4.76 during midday trading on Thursday, reaching $698.96. 237,664 shares of the company were exchanged, compared to its average volume of 208,931. IES Holdings, Inc. has a one year low of $246.43 and a one year high of $713.82. The stock has a market capitalization of $13.92 billion, a P/E ratio of 37.28 and a beta of 1.81. The stock’s 50-day simple moving average is $569.43 and its 200 day simple moving average is $483.18.

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

Institutional Trading of IES

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in IES by 7.5% in the 4th quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock worth $156,000 after purchasing an additional 28 shares in the last quarter. GAMMA Investing LLC increased its holdings in IES by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock worth $95,000 after purchasing an additional 31 shares in the last quarter. Parallel Advisors LLC increased its holdings in IES by 121.4% in the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after purchasing an additional 34 shares in the last quarter. KPP Advisory Services LLC increased its holdings in IES by 5.3% in the 1st quarter. KPP Advisory Services LLC now owns 699 shares of the technology company’s stock worth $333,000 after purchasing an additional 35 shares in the last quarter. Finally, Petra Financial Advisors Inc. increased its holdings in IES by 2.3% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,843 shares of the technology company’s stock worth $878,000 after purchasing an additional 41 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on IESC shares. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Loop Capital set a $458.00 target price on IES in a research report on Tuesday, February 3rd. Finally, Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, IES has an average rating of “Moderate Buy” and a consensus price target of $458.00.

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.