IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell Sells 14,561 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESCGet Free Report) CEO Jeffrey L. Et Al Gendell sold 14,561 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $131.91, for a total transaction of $1,920,741.51. Following the completion of the sale, the chief executive officer now owns 11,304,562 shares of the company’s stock, valued at $1,491,184,773.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

IES Stock Up 1.1 %

Shares of IESC stock opened at $129.58 on Tuesday. IES Holdings, Inc. has a 12 month low of $51.99 and a 12 month high of $184.38. The company has a market cap of $2.62 billion, a PE ratio of 19.54 and a beta of 1.36. The business’s 50 day moving average is $142.94 and its two-hundred day moving average is $109.40.

IES (NASDAQ:IESCGet Free Report) last posted its earnings results on Friday, May 3rd. The technology company reported $2.29 earnings per share (EPS) for the quarter. The business had revenue of $705.80 million for the quarter. IES had a net margin of 5.27% and a return on equity of 30.22%.

Hedge Funds Weigh In On IES

A number of institutional investors have recently made changes to their positions in IESC. Sunbelt Securities Inc. bought a new stake in IES during the 1st quarter valued at approximately $48,000. Acadian Asset Management LLC bought a new stake in shares of IES in the third quarter valued at approximately $41,000. EntryPoint Capital LLC grew its stake in shares of IES by 217.0% in the first quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock worth $130,000 after acquiring an additional 729 shares during the last quarter. Teacher Retirement System of Texas raised its stake in IES by 10.3% during the 4th quarter. Teacher Retirement System of Texas now owns 9,668 shares of the technology company’s stock valued at $766,000 after purchasing an additional 904 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in IES by 30.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,285 shares of the technology company’s stock valued at $521,000 after purchasing an additional 1,005 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised IES from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 23rd.

View Our Latest Analysis on IES

IES Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for IES (NASDAQ:IESC)

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