IES (NASDAQ:IESC) Director Sells $3,809,450.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $761.89, for a total transaction of $3,809,450.00. Following the sale, the director owned 60,874 shares of the company’s stock, valued at approximately $46,379,291.86. The trade was a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

IES Stock Down 4.2%

IES stock traded down $30.60 during midday trading on Tuesday, reaching $695.81. The stock had a trading volume of 170,329 shares, compared to its average volume of 207,334. IES Holdings, Inc. has a 12 month low of $265.00 and a 12 month high of $779.00. The firm’s 50-day moving average price is $633.71 and its 200 day moving average price is $513.87. The firm has a market capitalization of $13.86 billion, a PE ratio of 37.11 and a beta of 1.78.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share (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 for the quarter, compared to analysts’ expectations of $1.01 billion.

Institutional Investors Weigh In On IES

Several institutional investors have recently modified their holdings of IESC. AltraVue Capital LLC lifted its position in shares of IES by 2.1% during the 3rd quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock valued at $66,116,000 after buying an additional 3,370 shares in the last quarter. Dakota Wealth Management bought a new stake in IES in the 4th quarter worth approximately $1,018,000. First Trust Advisors LP boosted its holdings in shares of IES by 982.7% in the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after purchasing an additional 293,977 shares during the period. Pertento Partners LLP boosted its holdings in IES by 12.9% during the 3rd quarter. Pertento Partners LLP now owns 178,768 shares of the technology company’s stock valued at $71,087,000 after acquiring an additional 20,390 shares during the period. Finally, Arete Wealth Advisors LLC boosted its holdings in IES by 260.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 5,254 shares of the technology company’s stock valued at $2,089,000 after acquiring an additional 3,795 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IESC has been the topic of several research analyst reports. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $458.00.

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.