IES (NASDAQ:IESC) Director Todd Cleveland Sells 1,425 Shares

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 1,425 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $500.84, for a total transaction of $713,697.00. Following the sale, the director owned 78,089 shares in the company, valued at approximately $39,110,094.76. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

IES Stock Performance

Shares of NASDAQ:IESC traded up $0.20 during trading on Wednesday, hitting $487.77. The company’s stock had a trading volume of 159,446 shares, compared to its average volume of 207,434. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $537.70. The business has a 50 day moving average price of $452.22 and a two-hundred day moving average price of $411.06. The company has a market capitalization of $9.72 billion, a PE ratio of 29.02 and a beta of 1.68.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in IES by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock valued at $810,000 after acquiring an additional 223 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of IES by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock worth $3,762,000 after purchasing an additional 1,435 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings 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 valued at $33,000 after purchasing an additional 101 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of IES by 20.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,985 shares of the technology company’s stock valued at $884,000 after purchasing an additional 498 shares during the period. Finally, Atria Investments Inc purchased a new position in IES during the 2nd quarter worth approximately $291,000. 86.60% of the stock is owned by hedge funds and other 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.