Jeffrey Et Al Gendell Sells 2,055 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 2,055 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $702.28, for a total value of $1,443,185.40. Following the sale, the chairman directly owned 10,483,589 shares of the company’s stock, valued at $7,362,414,882.92. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

IES Price Performance

Shares of IES stock opened at $678.35 on Friday. The business has a fifty day simple moving average of $579.13 and a two-hundred day simple moving average of $486.64. IES Holdings, Inc. has a 1 year low of $246.43 and a 1 year high of $713.82. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 36.18 and a beta of 1.81.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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.

Wall Street Analyst Weigh In

IESC has been the subject of several research reports. Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Loop Capital set a $458.00 target price on IES in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $458.00.

Institutional Investors Weigh In On IES

A number of hedge funds and other institutional investors have recently modified their holdings of IESC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of IES by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock worth $810,000 after buying an additional 223 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings 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 buying an additional 1,435 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of IES during the second quarter worth $365,000. Quantbot Technologies LP acquired a new stake in shares of IES during the second quarter worth $89,000. Finally, Invesco Ltd. lifted its holdings in shares of IES by 43.7% during the second quarter. Invesco Ltd. now owns 91,567 shares of the technology company’s stock worth $27,125,000 after buying an additional 27,849 shares in the last quarter. Institutional investors and hedge funds 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.