IES (NASDAQ:IESC) Director Todd Cleveland Sells 1,425 Shares

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 1,425 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $500.84, for a total value of $713,697.00. Following the completion of the sale, the director directly owned 78,089 shares of the company’s stock, valued at $39,110,094.76. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

IES Trading Up 0.0%

Shares of IES stock traded up $0.20 during trading on Wednesday, reaching $487.77. The company’s stock had a trading volume of 159,446 shares, compared to its average volume of 207,434. The company has a 50-day moving average price of $452.22 and a two-hundred day moving average price of $411.06. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $537.70. The firm has a market cap of $9.72 billion, a PE ratio of 29.02 and a beta of 1.68.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) 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 business had revenue of $870.96 million for the quarter, compared to analysts’ expectations of $876.00 million.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On IES

A number of large investors have recently modified their holdings of the business. Global Retirement Partners LLC grew its holdings in IES by 1,014.3% during 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. SBI Securities Co. Ltd. lifted its holdings in IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after acquiring an additional 60 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of IES during the 4th quarter worth $38,000. Steward Partners Investment Advisory LLC grew its stake in shares of IES by 366.7% during 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, Spire Wealth Management purchased a new position in shares of IES in the 3rd quarter valued at about $40,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.