IES Holdings, Inc. (NASDAQ:IESC) CEO Sells $7,489,572.48 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the completion of the sale, the chief executive officer now owns 10,930,040 shares in the company, valued at $3,015,816,636.80. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

IES Stock Performance

NASDAQ IESC opened at $279.98 on Monday. The firm has a market cap of $5.56 billion, a PE ratio of 26.07 and a beta of 1.62. IES Holdings, Inc. has a one year low of $124.55 and a one year high of $320.09. The firm’s fifty day moving average is $221.03 and its two-hundred day moving average is $221.01.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. The company had revenue of $834.00 million for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of IES from a “buy” rating to a “hold” rating in a research note on Friday, March 14th.

Institutional Trading of IES

Several hedge funds and other institutional investors have recently made changes to their positions in IESC. J.Safra Asset Management Corp boosted its holdings in shares of IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after acquiring an additional 50 shares in the last quarter. Smithfield Trust Co acquired a new stake in shares of IES in the fourth quarter valued at approximately $34,000. Catalyst Capital Advisors LLC acquired a new stake in shares of IES in the first quarter valued at approximately $36,000. National Bank of Canada FI acquired a new stake in shares of IES in the fourth quarter valued at approximately $54,000. Finally, Harbour Investments Inc. acquired a new stake in shares of IES in the fourth quarter valued at approximately $71,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

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.