Matthew Simmes Sells 5,000 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Matthew Simmes sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $506.26, for a total value of $2,531,300.00. Following the completion of the sale, the chief executive officer directly owned 93,575 shares of the company’s stock, valued at approximately $47,373,279.50. This represents a 5.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

IES Stock Up 2.5%

NASDAQ:IESC opened at $519.67 on Friday. The company has a market cap of $10.36 billion, a PE ratio of 30.91 and a beta of 1.72. The business’s 50 day moving average is $440.23 and its two-hundred day moving average is $402.54. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $537.70.

IES (NASDAQ:IESC) last posted its quarterly 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). IES had a net margin of 9.70% and a return on equity of 35.62%. The firm had revenue of $870.96 million for the quarter, compared to analyst estimates of $876.00 million.

Analyst Ratings Changes

Several research firms recently weighed in on IESC. Loop Capital set a $458.00 price objective on shares of IES in a research note on Tuesday, February 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Finally, Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $458.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its position in IES by 1,014.3% in the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after purchasing an additional 71 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of 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 buying an additional 101 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of IES in the 4th quarter worth $38,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of IES by 366.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after buying an additional 77 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after buying an additional 60 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

IES Company Profile

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.