Jeffrey Et Al Gendell Sells 3,774 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 3,774 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $420.24, for a total transaction of $1,585,985.76. Following the completion of the transaction, the chairman directly owned 10,677,414 shares in the company, valued at $4,487,076,459.36. The trade was a 0.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

IES Stock Up 1.9%

NASDAQ:IESC traded up $7.89 during midday trading on Friday, hitting $428.62. The company had a trading volume of 106,330 shares, compared to its average volume of 175,506. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $442.93. The stock’s fifty day moving average price is $393.47 and its 200-day moving average price is $343.62. The company has a market capitalization of $8.51 billion, a PE ratio of 28.54 and a beta of 1.75.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, November 21st. The technology company reported $3.77 earnings per share for the quarter. IES had a return on equity of 36.43% and a net margin of 8.99%.The business had revenue of $897.80 million for the quarter.

Institutional Investors Weigh In On IES

Large investors have recently modified their holdings of the stock. First Trust Advisors LP grew its holdings in shares of IES by 982.7% during the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after acquiring an additional 293,977 shares during the period. Geode Capital Management LLC boosted its position in shares of IES by 4.8% during the second quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock valued at $78,210,000 after purchasing an additional 12,026 shares in the last quarter. Pertento Partners LLP grew its stake in IES by 12.9% in the third quarter. Pertento Partners LLP now owns 178,768 shares of the technology company’s stock worth $71,087,000 after purchasing an additional 20,390 shares during the period. AltraVue Capital LLC raised its holdings in IES by 2.1% in the third quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock worth $66,116,000 after purchasing an additional 3,370 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in IES by 3.7% during the third quarter. Franklin Resources Inc. now owns 155,115 shares of the technology company’s stock valued at $61,681,000 after buying an additional 5,542 shares during the period. Institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 30th. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a research report on Monday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

IES Company Profile

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.