IES (NASDAQ:IESC) CEO Matthew Simmes Sells 7,000 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Matthew Simmes sold 7,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total transaction of $4,607,680.00. Following the completion of the transaction, the chief executive officer directly owned 86,575 shares of the company’s stock, valued at approximately $56,987,128. This trade represents a 7.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

IES Price Performance

Shares of NASDAQ:IESC opened at $665.63 on Friday. The company’s 50-day moving average price is $511.80 and its two-hundred day moving average price is $456.24. The stock has a market capitalization of $13.26 billion, a PE ratio of 35.50 and a beta of 1.81. IES Holdings, Inc. has a one year low of $235.99 and a one year high of $688.51.

IES (NASDAQ:IESC) last released its earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.95 by $0.21. The business had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of IES by 121.4% in the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. Global Retirement Partners LLC raised its stake in IES by 1,014.3% in the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after purchasing an additional 71 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in IES in the 4th quarter worth about $38,000. Steward Partners Investment Advisory LLC boosted its holdings in IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after purchasing an additional 77 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in shares of IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after purchasing an additional 60 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Loop Capital set a $458.00 target price on shares of IES in a research note on Tuesday, February 3rd. Freedom Capital downgraded shares of IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $458.00.

About IES

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.