IES (NASDAQ:IESC – Get Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.
IES Price Performance
NASDAQ:IESC opened at $174.84 on Tuesday. The company has a 50 day moving average price of $122.91 and a 200-day moving average price of $94.36. IES has a 1-year low of $43.20 and a 1-year high of $175.99. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 26.37 and a beta of 1.31.
Insider Transactions at IES
In related news, COO Matthew J. Simmes sold 4,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $102.04, for a total value of $408,160.00. Following the completion of the transaction, the chief operating officer now owns 87,110 shares of the company’s stock, valued at approximately $8,888,704.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Matthew J. Simmes sold 4,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $102.04, for a total value of $408,160.00. Following the completion of the sale, the chief operating officer now owns 87,110 shares of the company’s stock, valued at approximately $8,888,704.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 28,171 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $93.27, for a total transaction of $2,627,509.17. Following the sale, the chief executive officer now directly owns 11,428,544 shares of the company’s stock, valued at approximately $1,065,940,298.88. The disclosure for this sale can be found here. Insiders have sold a total of 73,184 shares of company stock valued at $7,475,841 in the last ninety days. 59.19% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
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.
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