IES (NASDAQ:IESC) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of IES (NASDAQ:IESC) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Separately, Loop Capital set a $458.00 price objective on IES in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $458.00.

IES Stock Up 1.8%

Shares of IES stock opened at $655.64 on Friday. The company has a market cap of $13.07 billion, a PE ratio of 34.97 and a beta of 1.81. The business has a 50 day moving average of $502.55 and a 200 day moving average of $449.95. IES has a 52 week low of $213.57 and a 52 week high of $675.00.

IES (NASDAQ:IESC) last announced its earnings results on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, beating analysts’ consensus estimates of $3.95 by $0.21. The company had revenue of $974.20 million during the quarter, compared to the consensus estimate of $1.01 billion. IES had a return on equity of 35.62% and a net margin of 9.70%.

Insider Transactions at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 320 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $520.43, for a total value of $166,537.60. Following the sale, the chairman directly owned 10,587,161 shares of the company’s stock, valued at approximately $5,509,876,199.23. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Todd M. Cleveland sold 1,425 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $500.84, for a total value of $713,697.00. Following the completion of the sale, the director directly owned 78,089 shares in the company, valued at approximately $39,110,094.76. This represents a 1.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 20,659 shares of company stock valued at $10,636,940. Insiders own 56.43% of the company’s stock.

Institutional Investors Weigh In On IES

A number of institutional investors have recently modified their holdings of the stock. First Trust Advisors LP grew its stake in shares of IES by 982.7% in the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after acquiring an additional 293,977 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of IES by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 274,725 shares of the technology company’s stock worth $106,887,000 after acquiring an additional 6,349 shares during the last quarter. Pertento Partners LLP grew its stake in shares of IES by 17.1% in the fourth quarter. Pertento Partners LLP now owns 209,351 shares of the technology company’s stock worth $81,442,000 after acquiring an additional 30,583 shares during the last quarter. State Street Corp grew its stake in shares of IES by 1.2% in the fourth quarter. State Street Corp now owns 205,905 shares of the technology company’s stock worth $80,101,000 after acquiring an additional 2,517 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of IES by 7.7% in the fourth quarter. Morgan Stanley now owns 171,488 shares of the technology company’s stock worth $66,713,000 after acquiring an additional 12,232 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.