IES (NASDAQ:IESC) Chairman Sells $1,451,599.10 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 2,791 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $520.10, for a total transaction of $1,451,599.10. Following the transaction, the chairman directly owned 10,587,481 shares in the company, valued at $5,506,548,868.10. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IES Stock Performance

NASDAQ:IESC opened at $506.94 on Friday. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $537.70. The firm has a 50-day moving average price of $439.04 and a two-hundred day moving average price of $400.84. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 30.16 and a beta of 1.72.

IES (NASDAQ:IESC) last released its earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23). The business had revenue of $870.96 million during the quarter, compared to the consensus estimate of $876.00 million. IES had a net margin of 9.70% and a return on equity of 35.62%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IESC. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. Finally, Loop Capital set a $458.00 price objective on shares of IES in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $458.00.

Institutional Trading of IES

A number of institutional investors have recently modified their holdings of the business. Orion Porfolio Solutions LLC lifted its holdings in shares of IES by 85.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 5,649 shares of the technology company’s stock worth $1,673,000 after acquiring an additional 2,596 shares during the last quarter. Alps Advisors Inc. raised its position in IES by 60.5% during the third quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock valued at $2,277,000 after purchasing an additional 2,159 shares in the last quarter. Atria Investments Inc bought a new stake in IES during the second quarter worth about $291,000. Geode Capital Management LLC boosted its holdings in shares of IES by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock worth $78,210,000 after purchasing an additional 12,026 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of IES in the 2nd quarter worth about $243,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

About IES

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.