Todd Cleveland Sells 5,000 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 5,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $761.89, for a total value of $3,809,450.00. Following the completion of the transaction, the director directly owned 60,874 shares of the company’s stock, valued at approximately $46,379,291.86. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

IES Trading Down 4.2%

Shares of IESC traded down $30.60 during trading hours on Tuesday, hitting $695.81. The company had a trading volume of 170,329 shares, compared to its average volume of 207,334. The company has a market capitalization of $13.86 billion, a PE ratio of 37.11 and a beta of 1.78. IES Holdings, Inc. has a one year low of $265.00 and a one year high of $779.00. The company’s fifty day moving average price is $633.71 and its two-hundred day moving average price is $513.87.

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

Analysts Set New Price Targets

A number of analysts have recently commented on IESC shares. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $458.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its stake in IES by 8.1% during the 1st quarter. Empowered Funds LLC now owns 1,515 shares of the technology company’s stock worth $722,000 after purchasing an additional 113 shares in the last quarter. Militia Capital Management LLC purchased a new stake in shares of IES in the 1st quarter valued at about $218,000. Parallel Advisors LLC increased its position in IES by 121.4% in the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after acquiring an additional 34 shares during the period. Optiver Holding B.V. increased its position in IES by 62.5% in the 1st quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after acquiring an additional 20 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in shares of IES by 192.5% during the first quarter. Segall Bryant & Hamill LLC now owns 39,592 shares of the technology company’s stock worth $18,864,000 after acquiring an additional 26,054 shares during the period. 86.60% of the stock is currently 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.