IES (NASDAQ:IESC) Stock Rating Upgraded by Wall Street Zen

IES (NASDAQ:IESC) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

IES Stock Performance

Shares of IES stock opened at $332.16 on Friday. IES has a one year low of $140.89 and a one year high of $370.88. The company has a market cap of $6.59 billion, a PE ratio of 25.38 and a beta of 1.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85. The business has a 50-day simple moving average of $310.35 and a 200-day simple moving average of $243.38.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, August 1st. The technology company reported $3.95 EPS for the quarter, topping analysts’ consensus estimates of $3.55 by $0.40. IES had a return on equity of 37.23% and a net margin of 8.15%. The business had revenue of $890.20 million during the quarter, compared to the consensus estimate of $833.00 million.

Insider Activity at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the completion of the transaction, the chief executive officer directly owned 10,930,040 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Insiders sold 41,340 shares of company stock worth $11,522,915 over the last three months. Insiders own 56.76% of the company’s stock.

Hedge Funds Weigh In On IES

Institutional investors and hedge funds have recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co lifted its stake in IES by 31.2% during the second quarter. CANADA LIFE ASSURANCE Co now owns 3,094 shares of the technology company’s stock worth $919,000 after purchasing an additional 735 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in IES by 209.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,107 shares of the technology company’s stock worth $328,000 after purchasing an additional 749 shares during the last quarter. Corient Private Wealth LLC lifted its stake in IES by 2.9% during the second quarter. Corient Private Wealth LLC now owns 3,102 shares of the technology company’s stock worth $919,000 after purchasing an additional 87 shares during the last quarter. Florida Financial Advisors LLC lifted its stake in IES by 49.2% during the second quarter. Florida Financial Advisors LLC now owns 2,248 shares of the technology company’s stock worth $666,000 after purchasing an additional 741 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in IES by 2.9% during the second quarter. Vident Advisory LLC now owns 18,571 shares of the technology company’s stock worth $5,501,000 after purchasing an additional 517 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

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.