IES (NASDAQ:IESC) CAO Mary Newman Sells 2,000 Shares

IES Holdings, Inc. (NASDAQ:IESC) CAO Mary Newman sold 2,000 shares of IES stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $477.86, for a total transaction of $955,720.00. Following the completion of the sale, the chief accounting officer owned 21,843 shares of the company’s stock, valued at $10,437,895.98. This represents a 8.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

IES Price Performance

Shares of IES stock traded down $17.61 during trading on Friday, reaching $460.16. 172,691 shares of the company traded hands, compared to its average volume of 175,800. The firm has a market capitalization of $9.14 billion, a PE ratio of 30.64 and a beta of 1.75. The company has a 50 day moving average price of $399.71 and a 200-day moving average price of $350.82. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $482.35.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its position in shares of IES by 982.7% during the third 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 boosted its position in IES by 4.8% in the second quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock worth $78,210,000 after purchasing an additional 12,026 shares during the last quarter. Pertento Partners LLP grew its stake in IES by 12.9% in the 3rd quarter. Pertento Partners LLP now owns 178,768 shares of the technology company’s stock valued at $71,087,000 after purchasing an additional 20,390 shares during the period. AltraVue Capital LLC grew its stake in IES by 2.1% in the 3rd 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. increased 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 valued at $61,681,000 after purchasing an additional 5,542 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on IESC. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of IES in a research note on Monday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently 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.