IES (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell Sells 15,000 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $692.71, for a total transaction of $10,390,650.00. Following the sale, the chairman directly owned 10,525,005 shares in the company, valued at $7,290,776,213.55. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

IES Price Performance

Shares of NASDAQ:IESC opened at $682.20 on Friday. The company’s 50-day moving average price is $533.83 and its two-hundred day moving average price is $467.93. The stock has a market capitalization of $13.60 billion, a PE ratio of 36.38 and a beta of 1.81. IES Holdings, Inc. has a one year low of $235.99 and a one year high of $700.20.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on IESC. Loop Capital set a $458.00 target price on shares of IES in a report on Tuesday, February 3rd. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $458.00.

Institutional Trading of IES

Several large investors have recently made changes to their positions in IESC. Parallel Advisors LLC boosted its position in shares of IES by 121.4% during the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after acquiring an additional 34 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of IES by 1,014.3% during the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of IES during the 4th quarter worth approximately $38,000. Steward Partners Investment Advisory LLC boosted its position in shares of IES by 366.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after acquiring an additional 77 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted 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 acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.