IES (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell Sells 2,055 Shares

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 2,055 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $702.28, for a total value of $1,443,185.40. Following the sale, the chairman directly owned 10,483,589 shares of the company’s stock, valued at approximately $7,362,414,882.92. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IES Price Performance

NASDAQ IESC traded up $4.76 on Thursday, hitting $698.96. 237,664 shares of the company’s stock were exchanged, compared to its average volume of 208,931. The firm’s 50-day moving average price is $569.43 and its two-hundred day moving average price is $483.18. IES Holdings, Inc. has a fifty-two week low of $246.43 and a fifty-two week high of $713.82. The firm has a market cap of $13.92 billion, a price-to-earnings ratio of 37.28 and a beta of 1.81.

IES (NASDAQ:IESC) last released its earnings results 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. IES had a return on equity of 33.97% and a net margin of 10.40%.The company had revenue of $974.20 million for the quarter, compared to analysts’ expectations of $1.01 billion.

Institutional Trading of IES

Large investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its holdings in IES by 60.5% in the third quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock worth $2,277,000 after acquiring an additional 2,159 shares during the last quarter. AltraVue Capital LLC lifted its holdings in IES by 2.1% in the third quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock worth $66,116,000 after acquiring an additional 3,370 shares during the last quarter. RFG Advisory LLC bought a new position in IES in the third quarter worth about $944,000. Dakota Wealth Management bought a new position in IES in the fourth quarter worth about $1,018,000. Finally, First Trust Advisors LP lifted its holdings in IES by 982.7% in the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after acquiring an additional 293,977 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on IESC. Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Loop Capital set a $458.00 price target on IES in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.