IES Holdings, Inc. (NASDAQ:IESC) Downgraded by BidaskClub
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.
TRADEMARK VIOLATION NOTICE: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/08/05/ies-holdings-inc-nasdaqiesc-downgraded-by-bidaskclub.html.
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.
Receive News & Ratings for IES Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IES Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.