Jeffrey Et Al Gendell Sells 5,694 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 5,694 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $472.46, for a total transaction of $2,690,187.24. Following the completion of the sale, the chairman owned 10,671,720 shares of the company’s stock, valued at approximately $5,041,960,831.20. This trade represents a 0.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

IES Stock Performance

NASDAQ IESC opened at $460.16 on Friday. The firm’s 50 day moving average price is $401.25 and its two-hundred day moving average price is $352.98. IES Holdings, Inc. has a twelve month low of $146.51 and a twelve month high of $482.35. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 30.64 and a beta of 1.75.

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

Analysts Set New Price Targets

IESC has been the topic of several research analyst reports. Wall Street Zen raised IES from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 30th. Weiss Ratings restated a “buy (b-)” rating on shares of IES in a report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Institutional Inflows and Outflows

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

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.