Todd M. Cleveland Sells 10,000 Shares of IES Holdings, Inc. (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd M. Cleveland sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $153.57, for a total value of $1,535,700.00. Following the completion of the sale, the director now owns 104,654 shares in the company, valued at $16,071,714.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

IES Stock Up 2.5 %

IES stock traded up $3.96 during mid-day trading on Friday, reaching $161.11. 192,850 shares of the company’s stock traded hands, compared to its average volume of 135,309. IES Holdings, Inc. has a 12-month low of $59.75 and a 12-month high of $196.05. The stock has a 50 day moving average of $159.33 and a two-hundred day moving average of $141.96. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 23.70 and a beta of 1.38.

IES (NASDAQ:IESC) last announced its earnings results on Friday, August 2nd. The technology company reported $2.67 earnings per share (EPS) for the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%. The firm had revenue of $768.40 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded IES from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th.

Institutional Investors Weigh In On IES

Several institutional investors have recently modified their holdings of IESC. SG Americas Securities LLC purchased a new stake in IES during the 2nd quarter valued at $3,328,000. Breach Inlet Capital Management LLC purchased a new stake in shares of IES in the fourth quarter valued at $10,239,000. BNP Paribas Financial Markets lifted its holdings in shares of IES by 31.1% in the 1st quarter. BNP Paribas Financial Markets now owns 20,727 shares of the technology company’s stock worth $2,521,000 after acquiring an additional 4,913 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of IES in the 1st quarter worth about $499,000. Finally, Acadian Asset Management LLC boosted its stake in shares of IES by 1,863.1% during the 1st quarter. Acadian Asset Management LLC now owns 12,446 shares of the technology company’s stock worth $1,512,000 after purchasing an additional 11,812 shares during the period. 86.60% of the stock is owned by institutional investors.

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.