ValuEngine Lowers IES (IESC) to Sell

ValuEngine downgraded shares of IES (NASDAQ:IESC) from a hold rating to a sell rating in a research note published on Wednesday.

Separately, BidaskClub raised IES from a hold rating to a buy rating in a research note on Saturday, October 13th.

Shares of NASDAQ:IESC opened at $17.09 on Wednesday. IES has a 52-week low of $14.90 and a 52-week high of $20.25. The company has a market capitalization of $351.38 million, a P/E ratio of 16.91 and a beta of 0.33. The company has a current ratio of 1.63, a quick ratio of 1.50 and a debt-to-equity ratio of 0.14.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in IES by 1.5% during the third quarter. BlackRock Inc. now owns 415,547 shares of the technology company’s stock worth $8,102,000 after buying an additional 6,100 shares during the period. Acuitas Investments LLC lifted its holdings in IES by 52.1% during the third quarter. Acuitas Investments LLC now owns 232,161 shares of the technology company’s stock worth $4,527,000 after buying an additional 79,504 shares during the period. Renaissance Technologies LLC lifted its holdings in IES by 10.7% during the third quarter. Renaissance Technologies LLC now owns 210,532 shares of the technology company’s stock worth $4,105,000 after buying an additional 20,300 shares during the period. Bank of New York Mellon Corp lifted its holdings in IES by 5.8% during the third quarter. Bank of New York Mellon Corp now owns 114,876 shares of the technology company’s stock worth $2,240,000 after buying an additional 6,255 shares during the period. Finally, Eaton Vance Management purchased a new stake in IES during the third quarter worth $975,000. 78.30% of the stock is currently owned by institutional investors.

IES Company Profile

IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. The company's Commercial & Industrial segment provides electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.

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