Insider Selling: IES (NASDAQ:IESC) CEO Sells 5,000 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Matthew Simmes sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $506.26, for a total value of $2,531,300.00. Following the sale, the chief executive officer owned 93,575 shares in the company, valued at approximately $47,373,279.50. This represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

IES Trading Up 2.5%

Shares of IESC stock traded up $12.73 during trading hours on Friday, reaching $519.67. The stock had a trading volume of 277,992 shares, compared to its average volume of 202,073. The stock’s fifty day simple moving average is $439.04 and its 200 day simple moving average is $400.84. The firm has a market capitalization of $10.36 billion, a PE ratio of 30.91 and a beta of 1.72. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70.

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

Institutional Investors Weigh In On IES

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IESC. Blue Trust Inc. grew its holdings in IES by 7.5% in the 4th quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock worth $156,000 after acquiring an additional 28 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of IES by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock worth $95,000 after purchasing an additional 31 shares during the period. Comerica Bank grew its stake in shares of IES by 11.8% in the fourth quarter. Comerica Bank now owns 418 shares of the technology company’s stock worth $162,000 after purchasing an additional 44 shares during the last quarter. Global Retirement Partners LLC increased its holdings in IES by 59.0% during the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after purchasing an additional 46 shares during the period. Finally, F m Investments LLC raised its position in IES by 0.3% during the 2nd quarter. F m Investments LLC now owns 16,235 shares of the technology company’s stock valued at $4,809,000 after purchasing an additional 51 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IESC has been the topic of several recent analyst reports. Loop Capital set a $458.00 price target on IES in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. Finally, Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.