IES (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell Sells 320 Shares

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 320 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $520.43, for a total value of $166,537.60. Following the sale, the chairman owned 10,587,161 shares in the company, valued at approximately $5,509,876,199.23. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

IES Stock Performance

Shares of NASDAQ IESC traded down $17.31 during mid-day trading on Tuesday, hitting $500.85. 212,448 shares of the stock were exchanged, compared to its average volume of 201,302. The stock’s fifty day simple moving average is $437.13 and its two-hundred day simple moving average is $398.40. The company has a market cap of $9.98 billion, a P/E ratio of 29.79 and a beta of 1.72. IES Holdings, Inc. has a twelve month low of $146.51 and a twelve month high of $537.70.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23). IES had a return on equity of 35.62% and a net margin of 9.70%.The firm had revenue of $870.96 million for the quarter, compared to analyst estimates of $876.00 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of IES by 4.8% in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of IES by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock valued at $3,762,000 after purchasing an additional 1,435 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in IES in the second quarter worth approximately $243,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in IES in the 2nd quarter worth $1,452,000. Finally, Peterson Wealth Services raised its stake in shares of IES by 4.0% in the second quarter. Peterson Wealth Services now owns 3,698 shares of the technology company’s stock worth $1,095,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

IESC has been the subject of several recent analyst reports. Loop Capital set a $458.00 price objective on shares of IES in a research report on Tuesday, February 3rd. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price 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.