IES (NASDAQ:IESC) Chairman Sells $4,754,811.00 in Stock
by Renee Jackson · The Cerbat GemIES Holdings, Inc. (NASDAQ:IESC – Get Free Report) Chairman Jeffrey Et Al Gendell sold 7,052 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $674.25, for a total value of $4,754,811.00. Following the transaction, the chairman directly owned 10,540,005 shares in the company, valued at approximately $7,106,598,371.25. The trade was a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
IES Stock Up 0.2%
NASDAQ:IESC traded up $1.07 on Friday, reaching $666.70. 164,427 shares of the company’s stock were exchanged, compared to its average volume of 211,634. The business has a fifty day moving average of $511.80 and a 200-day moving average of $456.24. IES Holdings, Inc. has a 52-week low of $235.99 and a 52-week high of $688.51. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 35.56 and a beta of 1.81.
IES (NASDAQ:IESC – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, beating the consensus estimate of $3.95 by $0.21. The company had revenue of $974.20 million during the quarter, compared to analysts’ expectations of $1.01 billion. IES had a net margin of 10.40% and a return on equity of 33.97%.
Analysts Set New Price Targets
IESC has been the topic of several recent analyst reports. Freedom Capital lowered IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Finally, Loop Capital set a $458.00 price target on shares of IES in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $458.00.
Check Out Our Latest Analysis on IES
Hedge Funds Weigh In On IES
Several hedge funds have recently made changes to their positions in IESC. Parallel Advisors LLC lifted its holdings in shares of IES by 121.4% in the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after purchasing an additional 34 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of 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 acquiring an additional 71 shares during the period. International Assets Investment Management LLC purchased a new position in shares of IES during the fourth quarter worth approximately $38,000. Steward Partners Investment Advisory LLC increased its holdings in shares of IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after acquiring an additional 77 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in IES by 157.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other 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.