Jeffrey L. Et Al Gendell Sells 5,764 Shares of IES Holdings, Inc. (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $273.59, for a total value of $1,576,972.76. Following the completion of the transaction, the chief executive officer now directly owns 10,917,554 shares of the company’s stock, valued at $2,986,933,598.86. The trade was a 0.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

IES Trading Down 3.9%

NASDAQ IESC opened at $261.89 on Friday. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 24.38 and a beta of 1.62. IES Holdings, Inc. has a twelve month low of $126.07 and a twelve month high of $320.09. The stock has a 50-day moving average of $231.45 and a 200 day moving average of $221.38.

IES (NASDAQ:IESC) last announced its earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. The business had revenue of $834.00 million during the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Hedge Funds Weigh In On IES

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in IES by 38.9% during the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company’s stock worth $151,389,000 after buying an additional 210,925 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in IES during the first quarter worth approximately $16,853,000. Thrivent Financial for Lutherans lifted its position in IES by 140.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company’s stock worth $25,221,000 after buying an additional 73,271 shares in the last quarter. Invesco Ltd. lifted its position in IES by 27.6% during the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company’s stock worth $40,353,000 after buying an additional 43,449 shares in the last quarter. Finally, Man Group plc purchased a new position in IES during the fourth quarter worth approximately $8,497,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

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

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.