IES (NASDAQ:IESC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of IES (NASDAQ:IESC) from a buy rating to a strong-buy rating in a report published on Saturday.

IES Stock Up 1.2%

Shares of NASDAQ IESC opened at $336.23 on Friday. IES has a 52-week low of $140.89 and a 52-week high of $370.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85. The business has a fifty day moving average of $311.54 and a two-hundred day moving average of $244.50. The stock has a market cap of $6.68 billion, a PE ratio of 25.69 and a beta of 1.67.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.55 by $0.40. The firm had revenue of $890.20 million during the quarter, compared to the consensus estimate of $833.00 million. IES had a net margin of 8.15% and a return on equity of 37.23%.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the completion of the sale, the chief executive officer directly owned 10,930,040 shares of the company’s stock, valued at $3,015,816,636.80. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 41,340 shares of company stock valued at $11,522,915. 56.76% of the stock is owned by insiders.

Institutional Trading of IES

Several large investors have recently made changes to their positions in the business. Fiera Capital Corp bought a new position in shares of IES in the first quarter valued at about $1,448,000. Hedeker Wealth LLC bought a new position in shares of IES in the first quarter worth about $727,000. Millennium Management LLC lifted its position in shares of IES by 650.6% during the fourth quarter. Millennium Management LLC now owns 25,462 shares of the technology company’s stock worth $5,117,000 after purchasing an additional 22,070 shares in the last quarter. Rhumbline Advisers grew its stake in shares of IES by 3.0% during the first quarter. Rhumbline Advisers now owns 12,663 shares of the technology company’s stock valued at $2,091,000 after purchasing an additional 366 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of IES by 14.0% in the fourth quarter. Barclays PLC now owns 17,303 shares of the technology company’s stock valued at $3,477,000 after purchasing an additional 2,127 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.