David Gendell Sells 17,867 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Director David Gendell sold 17,867 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $452.20, for a total transaction of $8,079,457.40. Following the transaction, the director directly owned 70,669 shares in the company, valued at approximately $31,956,521.80. The trade was a 20.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

IES Trading Down 3.7%

Shares of NASDAQ:IESC opened at $460.16 on Friday. The company has a 50 day moving average of $401.25 and a 200-day moving average of $352.98. The firm has a market cap of $9.13 billion, a P/E ratio of 30.64 and a beta of 1.75. IES Holdings, Inc. has a twelve month low of $146.51 and a twelve month high of $482.35.

IES (NASDAQ:IESC) last released its earnings results on Friday, November 21st. The technology company reported $3.77 earnings per share for the quarter. The firm had revenue of $897.80 million during the quarter. IES had a return on equity of 36.43% and a net margin of 8.99%.

Institutional Trading of IES

A number of institutional investors and hedge funds have recently made changes to their positions in IESC. Nuveen LLC bought a new position in shares of IES in the first quarter worth about $5,193,000. HighTower Advisors LLC increased its stake in IES by 31.8% in the first quarter. HighTower Advisors LLC now owns 2,085 shares of the technology company’s stock valued at $344,000 after acquiring an additional 503 shares during the period. Boston Partners raised its holdings in shares of IES by 3.0% in the 1st quarter. Boston Partners now owns 2,870 shares of the technology company’s stock worth $474,000 after buying an additional 84 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of IES during the 1st quarter worth approximately $16,853,000. Finally, American Century Companies Inc. boosted its stake in IES by 1.8% in the 1st quarter. American Century Companies Inc. now owns 53,699 shares of the technology company’s stock valued at $8,866,000 after buying an additional 966 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IESC shares. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a report on Monday, December 8th. Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.