IES (NASDAQ:IESC) Chairman Sells $14,447,735.83 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 34,507 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $418.69, for a total transaction of $14,447,735.83. Following the completion of the sale, the chairman directly owned 10,742,907 shares in the company, valued at approximately $4,497,947,731.83. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

IES Stock Up 1.9%

NASDAQ:IESC traded up $7.89 during trading hours on Friday, reaching $428.62. The company had a trading volume of 106,330 shares, compared to its average volume of 175,506. The business’s 50-day simple moving average is $393.47 and its two-hundred day simple moving average is $343.62. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 28.54 and a beta of 1.75. IES Holdings, Inc. has a twelve month low of $146.51 and a twelve month high of $442.93.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, November 21st. The technology company reported $3.77 earnings per share for the quarter. IES had a net margin of 8.99% and a return on equity of 36.43%. The firm had revenue of $897.80 million for the quarter.

Institutional Investors Weigh In On IES

A number of institutional investors have recently bought and sold shares of IESC. First Trust Advisors LP boosted its position in shares of IES by 982.7% during the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock valued at $128,796,000 after acquiring an additional 293,977 shares during the last quarter. Geode Capital Management LLC grew its position in IES by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock valued at $78,210,000 after acquiring an additional 12,026 shares during the last quarter. Pertento Partners LLP lifted its holdings in IES by 12.9% during the 3rd quarter. Pertento Partners LLP now owns 178,768 shares of the technology company’s stock valued at $71,087,000 after buying an additional 20,390 shares in the last quarter. AltraVue Capital LLC boosted its holdings in shares of IES by 2.1% in the third quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock valued at $66,116,000 after purchasing an additional 3,370 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of IES by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 155,115 shares of the technology company’s stock worth $61,681,000 after buying an additional 5,542 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IESC. Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 30th. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a report on Monday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.