IES (NASDAQ:IESC) Director Todd Cleveland Sells 875 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 875 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $501.13, for a total value of $438,488.75. Following the completion of the transaction, the director directly owned 79,514 shares in the company, valued at approximately $39,846,850.82. This represents a 1.09% 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 Stock Down 7.1%

Shares of IESC traded down $34.75 during midday trading on Thursday, reaching $453.02. 66,791 shares of the stock were exchanged, compared to its average volume of 203,428. IES Holdings, Inc. has a twelve month low of $146.51 and a twelve month high of $537.70. The company has a market cap of $9.03 billion, a P/E ratio of 26.95 and a beta of 1.68. The stock’s 50 day simple moving average is $453.84 and its 200 day simple moving average is $411.60.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 EPS for the quarter, missing the consensus estimate of $3.94 by ($0.23). IES had a net margin of 9.70% and a return on equity of 35.62%. The business had revenue of $870.96 million during the quarter, compared to analyst estimates of $876.00 million.

Institutional Investors Weigh In On IES

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its stake in shares of IES by 1,014.3% in the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Nisa Investment Advisors LLC grew its position in IES by 841.7% in 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 during the last quarter. International Assets Investment Management LLC acquired a new position in IES during the fourth quarter worth about $38,000. Steward Partners Investment Advisory LLC raised its stake in IES by 366.7% during the fourth 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. lifted its holdings in shares of IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after acquiring an additional 60 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Loop Capital set a $458.00 target price on shares of IES in a report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Finally, Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, IES currently has a consensus rating of “Buy” and an average price target of $458.00.

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.