Insider Selling: IES (NASDAQ:IESC) Director Sells 17,867 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) Director David Gendell sold 17,867 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $452.20, for a total transaction of $8,079,457.40. Following the transaction, the director owned 70,669 shares of the company’s stock, valued at $31,956,521.80. The trade was a 20.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

IES Price Performance

NASDAQ:IESC traded down $17.61 on Friday, hitting $460.16. 172,691 shares of the company’s stock were exchanged, compared to its average volume of 175,800. The firm has a 50-day moving average price of $399.71 and a 200-day moving average price of $350.82. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $482.35. The company has a market cap of $9.14 billion, a P/E ratio of 30.64 and a beta of 1.75.

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

Institutional Investors Weigh In On IES

Institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC boosted its position in IES by 1,014.3% in the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of IES in the 2nd quarter valued at $25,000. SBI Securities Co. Ltd. grew its position in IES by 157.9% during the 3rd 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. Spire Wealth Management acquired a new position in IES in the 3rd quarter worth about $40,000. Finally, Nisa Investment Advisors LLC raised 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 purchasing an additional 101 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

IESC has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of IES in a research note on Monday. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, IES currently 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.