IES (NASDAQ:IESC) Trading Down 10.1% – Time to Sell?

IES Holdings, Inc. (NASDAQ:IESC) shares were down 10.1% during mid-day trading on Tuesday . The stock traded as low as $534.47 and last traded at $542.38. 85,671 shares changed hands during trading, a decline of 62% from the average daily volume of 226,976 shares. The stock had previously closed at $603.23.

Analyst Upgrades and Downgrades

IESC has been the topic of several recent research reports. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital downgraded shares of IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $458.00.

IES Stock Performance

The company has a 50-day moving average price of $679.81 and a 200-day moving average price of $566.22. The firm has a market capitalization of $10.77 billion, a P/E ratio of 28.83 and a beta of 1.78.

IES (NASDAQ:IESC) last released its quarterly earnings data 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 return on equity of 33.97% and a net margin of 10.40%.The business had revenue of $974.20 million during the quarter, compared to the consensus estimate of $1.01 billion.

Insider Activity at IES

In related news, Director Todd M. Cleveland sold 5,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $761.89, for a total value of $3,809,450.00. Following the completion of the sale, the director owned 60,874 shares in the company, valued at $46,379,291.86. This represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Tracy Mclauchlin sold 3,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $662.61, for a total value of $1,987,830.00. Following the sale, the chief financial officer directly owned 62,525 shares in the company, valued at $41,429,690.25. The trade was a 4.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 208,102 shares of company stock worth $146,518,202 in the last ninety days. Company insiders own 56.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IESC. Optiver Holding B.V. increased its holdings in shares of IES by 62.5% in 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 in the last quarter. Parallel Advisors LLC grew its position in shares of 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 purchasing an additional 34 shares during the period. International Assets Investment Management LLC bought a new stake in IES during the 4th quarter worth approximately $38,000. Steward Partners Investment Advisory LLC increased its stake in IES by 366.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after purchasing an additional 77 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in IES by 59.0% during the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after buying an additional 46 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

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.