IES (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell Sells 46,720 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 46,720 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $756.47, for a total transaction of $35,342,278.40. Following the sale, the chairman owned 10,406,559 shares in the company, valued at $7,872,249,686.73. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

IES Trading Down 4.2%

Shares of IESC stock opened at $695.81 on Wednesday. The stock has a market capitalization of $13.86 billion, a P/E ratio of 37.11 and a beta of 1.78. The firm’s 50 day moving average is $637.97 and its 200 day moving average is $515.81. IES Holdings, Inc. has a 12 month low of $265.00 and a 12 month high of $779.00.

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

Institutional Trading of IES

Several institutional investors and hedge funds have recently bought and sold shares of IESC. Optiver Holding B.V. lifted its stake in IES by 62.5% in the 1st quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock worth $25,000 after purchasing an additional 20 shares in the last quarter. Parallel Advisors LLC lifted its stake in IES by 121.4% in the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after purchasing an additional 34 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in IES in the 4th quarter worth approximately $38,000. Steward Partners Investment Advisory LLC lifted its stake 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 in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after purchasing an additional 46 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.