Jeffrey Et Al Gendell Sells 2,055 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 2,055 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $702.28, for a total transaction of $1,443,185.40. Following the transaction, the chairman directly owned 10,483,589 shares in the company, valued at approximately $7,362,414,882.92. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

IES Stock Performance

Shares of IESC stock traded up $4.76 on Thursday, hitting $698.96. 237,664 shares of the stock traded hands, compared to its average volume of 208,931. The firm’s 50-day moving average price is $569.43 and its two-hundred day moving average price is $483.18. The stock has a market capitalization of $13.92 billion, a PE ratio of 37.28 and a beta of 1.81. IES Holdings, Inc. has a twelve month low of $246.43 and a twelve month high of $713.82.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share for the quarter, beating the consensus estimate of $3.95 by $0.21. The firm 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 made changes to their positions in IESC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of IES by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock valued at $810,000 after purchasing an additional 223 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of IES by 6.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock valued at $3,762,000 after purchasing an additional 1,435 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of IES in the 2nd quarter valued at about $365,000. Quantbot Technologies LP purchased a new stake in shares of IES in the 2nd quarter valued at about $89,000. Finally, Invesco Ltd. lifted its holdings in shares of IES by 43.7% in the 2nd quarter. Invesco Ltd. now owns 91,567 shares of the technology company’s stock valued at $27,125,000 after purchasing an additional 27,849 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Loop Capital set a $458.00 target price on IES in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, IES has an average rating of “Moderate Buy” and an average target price 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.