Insider Selling: IES (NASDAQ:IESC) Director Sells $94,165.25 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 181 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $520.25, for a total transaction of $94,165.25. Following the completion of the sale, the director owned 85,636 shares in the company, valued at approximately $44,552,129. This trade represents a 0.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

IES Stock Performance

IESC stock opened at $495.35 on Friday. The firm has a 50 day moving average price of $448.66 and a 200-day moving average price of $408.36. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $537.70. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 29.47 and a beta of 1.72.

IES (NASDAQ:IESC) last posted its quarterly 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). IES had a return on equity of 35.62% and a net margin of 9.70%.The company had revenue of $870.96 million during the quarter, compared to analysts’ expectations of $876.00 million.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Loop Capital set a $458.00 price target on IES in a research report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. Finally, Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, IES presently has a consensus rating of “Buy” and an average price target of $458.00.

Hedge Funds Weigh In On IES

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC grew its stake 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 worth $31,000 after acquiring an additional 71 shares during the period. Nisa Investment Advisors LLC boosted its holdings in IES by 841.7% in the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. International Assets Investment Management LLC bought a new stake in IES in the 4th quarter worth approximately $38,000. Steward Partners Investment Advisory LLC grew its position in IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after purchasing an additional 77 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after buying an additional 60 shares during the last quarter. 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.