IES (NASDAQ:IESC) Chairman Sells 5,694 Shares

by · The Cerbat Gem

IES Holdings, Inc. (NASDAQ:IESC – Get Free Report) Chairman Jeffrey Et Al Gendell sold 5,694 shares of IES stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $472.46, for a total transaction of $2,690,187.24. Following the transaction, the chairman directly owned 10,671,720 shares in the company, valued at $5,041,960,831.20. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

IES Price Performance

Shares of NASDAQ IESC traded down $17.61 during trading on Friday, hitting $460.16. The stock had a trading volume of 172,691 shares, compared to its average volume of 175,800. The firm has a fifty day moving average of $399.71 and a two-hundred day moving average of $350.82. The company has a market capitalization of $9.14 billion, a PE ratio of 30.64 and a beta of 1.75. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $482.35.

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

Hedge Funds Weigh In On IES

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in IES by 1.8% in the first quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock valued at $8,866,000 after purchasing an additional 966 shares in the last quarter. Atria Investments Inc bought a new position in shares of IES in the 2nd quarter worth $291,000. Credit Agricole S A raised its position in shares of IES by 52.5% during the 1st quarter. Credit Agricole S A now owns 12,382 shares of the technology company’s stock valued at $2,044,000 after buying an additional 4,262 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of IES during the 2nd quarter worth $243,000. Finally, Apis Capital Advisors LLC lifted its holdings in shares of IES by 71.6% during the 1st quarter. Apis Capital Advisors LLC now owns 38,000 shares of the technology company’s stock worth $6,274,000 after acquiring an additional 15,860 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on IESC shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of IES in a report on Monday. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

View Our Latest Stock Report on IES

IES Company Profile

(Get Free Report)

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.

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