IES Holdings, Inc. (NASDAQ:IESC) COO Sells $2,387,280.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) COO Matthew J. Simmes sold 14,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $170.52, for a total transaction of $2,387,280.00. Following the completion of the transaction, the chief operating officer now directly owns 73,110 shares in the company, valued at $12,466,717.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

IES Price Performance

IES stock traded up $3.36 during trading hours on Thursday, hitting $178.20. The company had a trading volume of 197,945 shares, compared to its average volume of 112,018. The firm has a market cap of $3.61 billion, a PE ratio of 26.37 and a beta of 1.31. IES Holdings, Inc. has a one year low of $45.50 and a one year high of $181.49. The firm has a 50-day moving average of $122.91 and a 200 day moving average of $94.36.

Institutional Investors Weigh In On IES

Several institutional investors have recently made changes to their positions in IESC. Allspring Global Investments Holdings LLC boosted its stake in shares of IES by 1,078.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 589 shares of the technology company’s stock valued at $39,000 after buying an additional 539 shares during the period. Acadian Asset Management LLC bought a new stake in IES during the third quarter worth $41,000. Sunbelt Securities Inc. bought a new stake in IES during the first quarter worth $48,000. Quest Partners LLC bought a new stake in IES during the fourth quarter worth $134,000. Finally, Susquehanna Portfolio Strategies LLC bought a new stake in IES during the first quarter worth $207,000. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

About IES

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.