IES Holdings, Inc. (NASDAQ:IESC) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.

IES Holdings (NASDAQ IESC) traded down 9.39% during trading on Friday, hitting $14.95. 349,612 shares of the company were exchanged. The company has a market capitalization of $318.42 million, a price-to-earnings ratio of 2.75 and a beta of 0.78. IES Holdings has a 12 month low of $13.52 and a 12 month high of $23.00. The company has a 50-day moving average of $17.49 and a 200-day moving average of $18.12.

IES Holdings (NASDAQ:IESC) last released its earnings results on Friday, August 4th. The technology company reported $0.17 earnings per share (EPS) for the quarter. IES Holdings had a net margin of 15.00% and a return on equity of 11.28%. The firm had revenue of $208.30 million during the quarter. Analysts forecast that IES Holdings will post ($1.87) EPS for the current year.

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In related news, Director Todd M. Cleveland bought 10,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $15.74 per share, for a total transaction of $157,400.00. Following the completion of the acquisition, the director now owns 153,670 shares in the company, valued at $2,418,765.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Gendell bought 5,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average price of $16.51 per share, with a total value of $82,550.00. Following the completion of the acquisition, the director now owns 111,697 shares of the company’s stock, valued at approximately $1,844,117.47. The disclosure for this purchase can be found here. 60.00% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in IES Holdings by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 55,590 shares of the technology company’s stock valued at $1,009,000 after buying an additional 6,793 shares in the last quarter. Rhumbline Advisers acquired a new stake in IES Holdings during the second quarter valued at about $214,000. Boston Partners acquired a new stake in IES Holdings during the second quarter valued at about $1,028,000. Edge Wealth Management LLC increased its stake in IES Holdings by 70.8% in the second quarter. Edge Wealth Management LLC now owns 60,120 shares of the technology company’s stock valued at $1,043,000 after buying an additional 24,914 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in IES Holdings during the second quarter valued at about $686,000. Institutional investors own 79.80% of the company’s stock.

IES Holdings Company Profile

IES Holdings, Inc, formerly Integrated Electrical Services, Inc, is a holding company that owns and manages diverse operating subsidiaries across a range of infrastructure-related end markets. The Company operates through four segments: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions.

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