IES (NASDAQ:IESC) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of IES (NASDAQ:IESC) from a buy rating to a hold rating in a report published on Wednesday.

IES Trading Up 3.1 %

IES stock opened at $172.61 on Wednesday. The company has a fifty day simple moving average of $221.32 and a 200-day simple moving average of $220.36. The stock has a market cap of $3.45 billion, a P/E ratio of 16.07 and a beta of 1.52. IES has a 12-month low of $100.60 and a 12-month high of $320.09.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Insider Buying and Selling at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the sale, the chief executive officer now directly owns 10,958,900 shares of the company’s stock, valued at approximately $2,820,492,093. The trade was a 0.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the transaction, the chief financial officer now directly owns 71,177 shares in the company, valued at approximately $18,009,204.54. This trade represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,859 shares of company stock worth $4,572,214 over the last three months. Insiders own 56.76% of the company’s stock.

Institutional Investors Weigh In On IES

A number of institutional investors and hedge funds have recently made changes to their positions in IESC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in IES by 9.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,352 shares of the technology company’s stock valued at $4,291,000 after acquiring an additional 1,891 shares during the last quarter. Wexford Capital LP raised its stake in shares of IES by 7.0% during the fourth quarter. Wexford Capital LP now owns 2,300 shares of the technology company’s stock worth $462,000 after purchasing an additional 150 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of IES by 26.6% during the fourth quarter. Tidal Investments LLC now owns 2,107 shares of the technology company’s stock worth $423,000 after purchasing an additional 443 shares during the period. Steamboat Capital Partners LLC lifted its holdings in shares of IES by 142.0% during the fourth quarter. Steamboat Capital Partners LLC now owns 11,833 shares of the technology company’s stock worth $2,378,000 after purchasing an additional 6,943 shares during the period. Finally, ProShare Advisors LLC grew its position in IES by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 2,317 shares of the technology company’s stock valued at $466,000 after buying an additional 762 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.