IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell Sells 27,144 Shares

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the completion of the transaction, the chief executive officer now owns 10,930,040 shares in the company, valued at $3,015,816,636.80. This trade represents a 0.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

IES Stock Performance

NASDAQ IESC opened at $279.98 on Friday. The business’s fifty day moving average is $221.03 and its 200 day moving average is $221.66. IES Holdings, Inc. has a fifty-two week low of $124.55 and a fifty-two week high of $320.09. The company has a market capitalization of $5.56 billion, a PE ratio of 26.07 and a beta of 1.62.

IES (NASDAQ:IESC) last posted its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share for the quarter. The firm had revenue of $834.00 million for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of IES from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

Hedge Funds Weigh In On IES

Several large investors have recently added to or reduced their stakes in IESC. J.Safra Asset Management Corp raised its position in shares of IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after purchasing an additional 50 shares during the period. Smithfield Trust Co purchased a new stake in IES in the 4th quarter worth $34,000. Catalyst Capital Advisors LLC bought a new stake in IES during the first quarter valued at about $36,000. National Bank of Canada FI purchased a new position in shares of IES in the fourth quarter valued at about $54,000. Finally, Harbour Investments Inc. bought a new position in shares of IES in the fourth quarter worth about $71,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

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.