IES (NASDAQ:IESC) Stock Price Down 4.6%

IES Holdings, Inc. (NASDAQ:IESC) traded down 4.6% on Wednesday . The company traded as low as $114.69 and last traded at $115.16. 29,957 shares traded hands during trading, a decline of 70% from the average session volume of 99,699 shares. The stock had previously closed at $120.67.

IES Price Performance

The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 21.86 and a beta of 1.34. The business has a 50-day simple moving average of $111.80 and a two-hundred day simple moving average of $86.91.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, February 2nd. The technology company reported $1.87 earnings per share (EPS) for the quarter. The company had revenue of $634.40 million during the quarter. IES had a return on equity of 26.83% and a net margin of 4.41%.

Insider Activity at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $87.13, for a total transaction of $1,420,219.00. Following the completion of the transaction, the chief executive officer now directly owns 11,503,933 shares in the company, valued at $1,002,337,682.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Jeffrey L. Et Al Gendell sold 3,700 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $85.60, for a total transaction of $316,720.00. Following the completion of the transaction, the chief executive officer now directly owns 11,500,233 shares of the company’s stock, valued at approximately $984,419,944.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $87.13, for a total value of $1,420,219.00. Following the transaction, the chief executive officer now directly owns 11,503,933 shares of the company’s stock, valued at $1,002,337,682.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,494 shares of company stock worth $11,986,437. Company insiders own 59.19% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IESC. Breach Inlet Capital Management LLC bought a new position in IES during the 4th quarter worth $10,239,000. FMR LLC raised its position in shares of IES by 12.4% in the 3rd quarter. FMR LLC now owns 1,106,623 shares of the technology company’s stock worth $72,893,000 after acquiring an additional 121,978 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of IES by 4,466.0% in the 2nd quarter. Wells Fargo & Company MN now owns 73,422 shares of the technology company’s stock worth $4,176,000 after acquiring an additional 71,814 shares in the last quarter. First Trust Advisors LP bought a new position in shares of IES in the 4th quarter worth about $4,892,000. Finally, Morgan Stanley raised its position in shares of IES by 72.3% in the 4th quarter. Morgan Stanley now owns 116,998 shares of the technology company’s stock worth $4,162,000 after acquiring an additional 49,113 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

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.