Insider Selling: IES Holdings, Inc. (NASDAQ:IESC) CEO Sells $1,848,550.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 6,722 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $275.00, for a total transaction of $1,848,550.00. Following the completion of the transaction, the chief executive officer now owns 10,923,318 shares of the company’s stock, valued at approximately $3,003,912,450. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

IES Stock Up 3.4%

IESC opened at $279.98 on Monday. IES Holdings, Inc. has a twelve month low of $124.55 and a twelve month high of $320.09. The company has a fifty day moving average of $221.03 and a 200-day moving average of $221.01. The stock has a market cap of $5.56 billion, a PE ratio of 26.07 and a beta of 1.62.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. J.Safra Asset Management Corp grew its holdings in shares of IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after buying an additional 50 shares during the last quarter. Smithfield Trust Co bought a new position in shares of IES during the 4th quarter valued at approximately $34,000. Catalyst Capital Advisors LLC bought a new position in shares of IES during the 1st quarter valued at approximately $36,000. National Bank of Canada FI bought a new position in shares of IES during the 4th quarter valued at approximately $54,000. Finally, Harbour Investments Inc. bought a new position in IES in the 4th quarter worth approximately $71,000. 86.60% of the stock is owned by institutional investors.

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.