Wall Street Zen Downgrades IES (NASDAQ:IESC) to Buy

IES (NASDAQ:IESC) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued reports about the stock. Loop Capital set a $458.00 target price on shares of IES in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $458.00.

IES Stock Performance

IESC stock opened at $455.88 on Friday. The firm has a market cap of $9.09 billion, a P/E ratio of 27.12 and a beta of 1.72. IES has a 1 year low of $146.51 and a 1 year high of $488.62. The stock has a 50-day simple moving average of $427.07 and a 200-day simple moving average of $391.65.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 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 company had revenue of $870.96 million for the quarter, compared to analyst estimates of $876.00 million.

Insider Activity

In other news, Chairman Jeffrey L. Et Al Gendell sold 76,400 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $473.25, for a total value of $36,156,300.00. Following the completion of the sale, the chairman owned 10,595,320 shares of the company’s stock, valued at approximately $5,014,235,190. The trade was a 0.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $411.48, for a total transaction of $2,057,400.00. Following the completion of the sale, the chief financial officer owned 65,525 shares in the company, valued at approximately $26,962,227. This trade represents a 7.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 217,661 shares of company stock worth $96,387,385 over the last ninety days. Insiders own 56.43% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IESC. Global Retirement Partners LLC increased its holdings in shares of IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after acquiring an additional 46 shares during the last quarter. IFP Advisors Inc lifted its stake in IES by 50.5% during the fourth quarter. IFP Advisors Inc now owns 319 shares of the technology company’s stock worth $124,000 after purchasing an additional 107 shares during the last quarter. Larson Financial Group LLC boosted its holdings in IES by 2,100.0% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the technology company’s stock worth $51,000 after purchasing an additional 126 shares during the period. Handelsbanken Fonder AB increased its stake in IES by 13.2% during the fourth quarter. Handelsbanken Fonder AB now owns 5,660 shares of the technology company’s stock valued at $2,202,000 after purchasing an additional 660 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of IES by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 1,652 shares of the technology company’s stock worth $643,000 after purchasing an additional 106 shares during the period. Institutional investors own 86.60% of the company’s stock.

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.