Jeffrey Et Al Gendell Sells 39,361 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 39,361 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $694.01, for a total value of $27,316,927.61. Following the sale, the chairman owned 10,485,644 shares in the company, valued at approximately $7,277,141,792.44. This represents a 0.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IES Stock Performance

IESC traded down $15.01 during trading hours on Friday, reaching $682.20. The company’s stock had a trading volume of 123,432 shares, compared to its average volume of 209,973. IES Holdings, Inc. has a 52 week low of $235.99 and a 52 week high of $700.20. The company’s 50-day moving average is $529.94 and its 200-day moving average is $466.42. The firm has a market cap of $13.60 billion, a PE ratio of 36.38 and a beta of 1.81.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The business had revenue of $974.20 million for the quarter, compared to analysts’ expectations of $1.01 billion.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IESC. Loop Capital set a $458.00 price target on IES in a research note on Tuesday, February 3rd. Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $458.00.

Institutional Trading of IES

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its holdings in shares of IES by 121.4% during the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after purchasing an additional 34 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of IES by 1,014.3% during the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after purchasing an additional 71 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of IES during the 4th quarter worth $38,000. Steward Partners Investment Advisory LLC grew its holdings in shares of IES by 366.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after purchasing an additional 77 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after buying an additional 60 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

About IES

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.