IES (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell Sells 17,363 Shares

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 17,363 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $379.57, for a total value of $6,590,473.91. Following the completion of the transaction, the chairman owned 10,783,665 shares of the company’s stock, valued at $4,093,155,724.05. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

IES Price Performance

Shares of IESC opened at $377.53 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85. The stock has a 50 day simple moving average of $338.22 and a 200 day simple moving average of $262.66. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $388.70. The firm has a market capitalization of $7.49 billion, a PE ratio of 28.84 and a beta of 1.64.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.40. The business had revenue of $890.20 million during the quarter, compared to analyst estimates of $833.00 million. IES had a return on equity of 37.23% and a net margin of 8.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IESC. Opal Wealth Advisors LLC acquired a new position in IES in the 2nd quarter valued at $25,000. Nisa Investment Advisors LLC grew its holdings in IES by 841.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in IES in the 1st quarter valued at $36,000. Elevation Point Wealth Partners LLC acquired a new position in IES in the 2nd quarter valued at $47,000. Finally, Blue Trust Inc. grew its holdings in IES by 82.7% in the 2nd quarter. Blue Trust Inc. now owns 243 shares of the technology company’s stock valued at $72,000 after buying an additional 110 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th.

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.