IES (NASDAQ:IESC) Stock Rating Upgraded by StockNews.com

IES (NASDAQ:IESC – Get Rating) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

IES Stock Performance

Shares of IESC stock opened at $38.18 on Wednesday. IES has a 1-year low of $24.94 and a 1-year high of $51.50. The company has a current ratio of 1.55, a quick ratio of 1.31 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $772.19 million, a price-to-earnings ratio of 26.51 and a beta of 1.27. The stock’s fifty day simple moving average is $33.73 and its 200-day simple moving average is $31.85.

IES (NASDAQ:IESC – Get Rating) last issued its quarterly earnings results on Tuesday, December 6th. The technology company reported $0.95 earnings per share for the quarter. IES had a return on equity of 11.08% and a net margin of 1.49%. The business had revenue of $617.40 million for the quarter.

Insider Activity at IES

In other news, Director David B. Gendell acquired 1,500 shares of IES stock in a transaction that occurred on Thursday, December 15th. The stock was purchased at an average price of $29.76 per share, with a total value of $44,640.00. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at $74,400. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 58.27% of the company’s stock.

Institutional Trading of IES

Institutional investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of IES by 8.7% in the second quarter. FMR LLC now owns 1,109,826 shares of the technology company’s stock worth $33,483,000 after buying an additional 88,466 shares during the last quarter. Coombe Bender & Co LLC acquired a new stake in shares of IES in the second quarter worth about $2,112,000. AltraVue Capital LLC lifted its position in shares of IES by 9.6% in the second quarter. AltraVue Capital LLC now owns 523,631 shares of the technology company’s stock worth $15,798,000 after buying an additional 45,900 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in shares of IES by 37.6% in the second quarter. Kennedy Capital Management Inc. now owns 130,020 shares of the technology company’s stock worth $3,923,000 after buying an additional 35,548 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of IES by 383.6% in the first quarter. Goldman Sachs Group Inc. now owns 36,910 shares of the technology company’s stock worth $1,484,000 after buying an additional 29,278 shares during the last quarter. Institutional investors and hedge funds own 85.86% of the company’s stock.

About IES

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IES Holdings, Inc designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.