Insider Selling: IES (NASDAQ:IESC) Chairman Sells $166,537.60 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 320 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $520.43, for a total value of $166,537.60. Following the completion of the sale, the chairman owned 10,587,161 shares of the company’s stock, valued at $5,509,876,199.23. This trade represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

IES Stock Performance

NASDAQ IESC opened at $506.94 on Friday. The business’s fifty day moving average is $439.04 and its 200 day moving average is $400.84. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $537.70. The company has a market capitalization of $10.10 billion, a PE ratio of 30.16 and a beta of 1.72.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of IES by 7.5% in the fourth quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock worth $156,000 after buying an additional 28 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of IES by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock valued at $95,000 after acquiring an additional 31 shares during the last quarter. Comerica Bank grew its holdings in shares of IES by 11.8% in the fourth quarter. Comerica Bank now owns 418 shares of the technology company’s stock valued at $162,000 after purchasing an additional 44 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of IES by 59.0% in the fourth quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after purchasing an additional 46 shares in the last quarter. Finally, F m Investments LLC increased its position in IES by 0.3% in the second quarter. F m Investments LLC now owns 16,235 shares of the technology company’s stock worth $4,809,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other 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.