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

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

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of IES in a research note on Monday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

IES Trading Up 3.7%

Shares of NASDAQ:IESC opened at $371.19 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65. IES has a 1 year low of $146.51 and a 1 year high of $442.93. The company has a market cap of $7.37 billion, a P/E ratio of 28.36 and a beta of 1.70. The stock’s fifty day moving average price is $386.69 and its 200-day moving average price is $333.76.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, November 21st. The technology company reported $3.77 earnings per share for the quarter. IES had a return on equity of 37.23% and a net margin of 8.15%.The firm had revenue of $897.80 million for the quarter.

Insider Buying and Selling

In other IES news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $373.92, for a total value of $20,752,560.00. Following the completion of the sale, the chairman directly owned 10,801,028 shares in the company, valued at approximately $4,038,720,389.76. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 144,127 shares of company stock valued at $53,376,290. 56.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On IES

A number of large investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in shares of IES in the 2nd quarter valued at about $25,000. Global Retirement Partners LLC raised its position in IES by 1,014.3% during the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in IES by 841.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after purchasing an additional 101 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in IES by 157.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after purchasing an additional 60 shares in the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of IES during the 3rd quarter worth approximately $40,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.