Insider Selling: IES (NASDAQ:IESC) Director Sells 3,119 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 3,119 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $511.81, for a total transaction of $1,596,335.39. Following the transaction, the director owned 82,517 shares of the company’s stock, valued at $42,233,025.77. This trade represents a 3.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IES Price Performance

Shares of IES stock traded up $10.38 during trading on Thursday, hitting $515.05. 289,370 shares of the stock were exchanged, compared to its average volume of 205,460. The firm’s 50-day moving average price is $444.73 and its 200 day moving average price is $406.13. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 30.64 and a beta of 1.72. IES Holdings, Inc. has a 12-month low of $146.51 and a 12-month high of $537.70.

IES (NASDAQ:IESC) last posted its earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share for the quarter, missing the consensus estimate of $3.94 by ($0.23). The business had revenue of $870.96 million for the quarter, compared to analysts’ expectations of $876.00 million. IES had a return on equity of 35.62% and a net margin of 9.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IESC. Global Retirement Partners LLC grew its stake in IES by 1,014.3% in the 3rd 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 last quarter. Nisa Investment Advisors LLC increased its stake in shares of IES by 841.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after purchasing an additional 101 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in IES during the 4th quarter valued at $38,000. Steward Partners Investment Advisory LLC increased its position in IES by 366.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after buying an additional 77 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

IESC has been the subject of several recent analyst reports. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Loop Capital set a $458.00 target price on IES in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, IES presently has a consensus rating of “Buy” and a consensus target price of $458.00.

IES Company Profile

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.