IES (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell Sells 61,719 Shares

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 61,719 shares of the stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $421.66, for a total transaction of $26,024,433.54. Following the sale, the chairman owned 10,681,188 shares in the company, valued at approximately $4,503,829,732.08. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

IES Stock Up 1.9%

IESC traded up $7.89 during trading on Friday, hitting $428.62. 106,330 shares of the stock were exchanged, compared to its average volume of 175,506. The firm has a market capitalization of $8.51 billion, a P/E ratio of 28.54 and a beta of 1.75. The stock has a fifty day moving average price of $393.47 and a two-hundred day moving average price of $343.62. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $442.93.

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

Institutional Trading of IES

A number of institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new position in IES in the second quarter valued at about $25,000. Global Retirement Partners LLC boosted its stake in IES by 1,014.3% during the third 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. Nisa Investment Advisors LLC increased its holdings in shares of IES by 841.7% during the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after purchasing an additional 60 shares during the last quarter. Finally, Spire Wealth Management purchased a new stake in shares of IES in the third quarter valued at about $40,000. 86.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on IESC. Weiss Ratings reiterated a “buy (b-)” rating on shares of IES in a research note on Monday. Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock 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.