Jeffrey Et Al Gendell Sells 7,137 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 7,137 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $378.23, for a total transaction of $2,699,427.51. Following the sale, the chairman directly owned 10,776,528 shares of the company’s stock, valued at approximately $4,076,006,185.44. The trade was a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

IES Stock Performance

NASDAQ IESC opened at $377.53 on Friday. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 28.84 and a beta of 1.64. The company has a 50 day moving average of $338.22 and a 200-day moving average of $262.66. The company has a current ratio of 1.85, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $388.70.

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

Hedge Funds Weigh In On IES

Hedge funds and other institutional investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC bought a new position in IES in the second quarter valued at approximately $25,000. Nisa Investment Advisors LLC boosted its stake in IES by 841.7% in the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after acquiring an additional 101 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in IES in the first quarter valued at approximately $36,000. Elevation Point Wealth Partners LLC bought a new position in IES in the second quarter valued at approximately $47,000. Finally, Blue Trust Inc. boosted its stake in IES by 82.7% in the second quarter. Blue Trust Inc. now owns 243 shares of the technology company’s stock valued at $72,000 after acquiring an additional 110 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of IES from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 16th.

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.