IES (NASDAQ:IESC) Chairman Sells $10,390,650.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 15,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $692.71, for a total value of $10,390,650.00. Following the transaction, the chairman directly owned 10,525,005 shares in the company, valued at approximately $7,290,776,213.55. This represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

IES Stock Down 2.2%

Shares of IESC stock traded down $15.01 on Friday, reaching $682.20. 123,432 shares of the stock were exchanged, compared to its average volume of 209,973. The stock has a market cap of $13.60 billion, a P/E ratio of 36.38 and a beta of 1.81. The firm has a 50 day moving average of $529.94 and a two-hundred day moving average of $466.42. IES Holdings, Inc. has a 1-year low of $235.99 and a 1-year high of $700.20.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.95 by $0.21. The firm had revenue of $974.20 million during the quarter, compared to the consensus estimate of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Analysts Set New Price Targets

A number of equities analysts recently commented on IESC shares. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Loop Capital set a $458.00 target price on IES in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $458.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. grew its stake in IES by 60.5% during the third quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock worth $2,277,000 after buying an additional 2,159 shares during the last quarter. AltraVue Capital LLC grew its stake in IES by 2.1% during the third quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock worth $66,116,000 after buying an additional 3,370 shares during the last quarter. RFG Advisory LLC bought a new stake in IES during the third quarter worth about $944,000. Dakota Wealth Management bought a new stake in IES during the fourth quarter worth about $1,018,000. Finally, First Trust Advisors LP grew its stake in IES by 982.7% during the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after buying an additional 293,977 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.