IES (NASDAQ:IESC) Upgraded at Wall Street Zen

IES (NASDAQ:IESC) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of IES in a report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

IES Stock Down 1.2%

IESC stock opened at $415.85 on Friday. The company’s 50 day moving average price is $391.01 and its 200 day moving average price is $340.01. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 31.77 and a beta of 1.70. IES has a fifty-two week low of $146.51 and a fifty-two week high of $442.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, November 21st. The technology company reported $3.77 EPS for the quarter. IES had a net margin of 8.15% and a return on equity of 37.23%. The company had revenue of $897.80 million during the quarter.

Insider Buying and Selling

In related news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $380.74, for a total value of $2,593,220.14. Following the completion of the sale, the chairman directly owned 10,769,717 shares of the company’s stock, valued at $4,100,462,050.58. The trade was a 0.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 86,811 shares of company stock worth $32,635,682. 56.76% of the stock is owned by company insiders.

Hedge Funds Weigh In On IES

Several hedge funds have recently made changes to their positions in IESC. LPL Financial LLC lifted its holdings in shares of IES by 6.1% in the 1st quarter. LPL Financial LLC now owns 49,264 shares of the technology company’s stock valued at $8,134,000 after purchasing an additional 2,838 shares during the last quarter. Cynosure Group LLC lifted its stake in IES by 49.8% in the first quarter. Cynosure Group LLC now owns 2,021 shares of the technology company’s stock valued at $334,000 after buying an additional 672 shares during the last quarter. Nuveen LLC acquired a new stake in shares of IES in the first quarter valued at approximately $5,193,000. HighTower Advisors LLC grew its position in shares of IES by 31.8% during the first quarter. HighTower Advisors LLC now owns 2,085 shares of the technology company’s stock worth $344,000 after acquiring an additional 503 shares during the last quarter. Finally, Boston Partners grew its position in shares of IES by 3.0% during the first quarter. Boston Partners now owns 2,870 shares of the technology company’s stock worth $474,000 after acquiring an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

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.