Jeffrey Et Al Gendell Sells 46,720 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 46,720 shares of IES stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $756.47, for a total transaction of $35,342,278.40. Following the completion of the transaction, the chairman directly owned 10,406,559 shares in the company, valued at approximately $7,872,249,686.73. This represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

IES Stock Down 1.5%

NASDAQ:IESC opened at $685.18 on Thursday. IES Holdings, Inc. has a 12 month low of $265.00 and a 12 month high of $779.00. The firm has a market cap of $13.65 billion, a price-to-earnings ratio of 36.54 and a beta of 1.78. The company’s 50 day moving average is $641.90 and its 200-day moving average is $517.67.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, beating analysts’ consensus estimates of $3.95 by $0.21. IES had a net margin of 10.40% and a return on equity of 33.97%. The company had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion.

Analyst Ratings Changes

IESC has been the topic of a number of research reports. Freedom Capital lowered shares of IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $458.00.

Hedge Funds Weigh In On IES

Institutional investors and hedge funds have recently bought and sold shares of the stock. Optiver Holding B.V. increased its position in IES by 62.5% during the first quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock worth $25,000 after acquiring an additional 20 shares during the period. Parallel Advisors LLC increased its holdings in IES by 121.4% in the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after buying an additional 34 shares during the period. International Assets Investment Management LLC bought a new stake in IES in the 4th quarter valued at $38,000. Steward Partners Investment Advisory LLC increased its holdings in IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after buying an additional 77 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in IES by 59.0% in the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock valued at $48,000 after buying an additional 46 shares during the period. Institutional investors own 86.60% of the company’s stock.

About IES

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.