IES (NASDAQ:IESC) Director Todd Cleveland Sells 1,700 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $511.29, for a total transaction of $869,193.00. Following the transaction, the director owned 80,817 shares in the company, valued at approximately $41,320,923.93. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

IES Price Performance

IESC stock opened at $515.05 on Friday. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 30.64 and a beta of 1.72. The company has a fifty day moving average price of $446.96 and a 200 day moving average price of $406.89.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IESC. First Trust Advisors LP lifted its stake in IES by 982.7% in the third quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock valued at $128,796,000 after buying an additional 293,977 shares during the last quarter. Geode Capital Management LLC grew its position in IES by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 274,725 shares of the technology company’s stock worth $106,887,000 after purchasing an additional 6,349 shares during the last quarter. Pertento Partners LLP increased its stake in shares of IES by 17.1% in the fourth quarter. Pertento Partners LLP now owns 209,351 shares of the technology company’s stock valued at $81,442,000 after purchasing an additional 30,583 shares during the period. State Street Corp increased its stake in shares of IES by 1.2% in the fourth quarter. State Street Corp now owns 205,905 shares of the technology company’s stock valued at $80,101,000 after purchasing an additional 2,517 shares during the period. Finally, Morgan Stanley increased its holdings in shares of IES by 7.7% during the fourth quarter. Morgan Stanley now owns 171,488 shares of the technology company’s stock valued at $66,713,000 after purchasing an additional 12,232 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.