IES (NASDAQ:IESC) Director Sells $1,596,335.39 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 3,119 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $511.81, for a total transaction of $1,596,335.39. Following the sale, the director directly owned 82,517 shares in the company, valued at approximately $42,233,025.77. The trade was a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

IES Stock Down 3.8%

Shares of IESC stock opened at $495.35 on Friday. The firm has a 50 day moving average of $448.66 and a two-hundred day moving average of $408.36. The stock has a market capitalization of $9.87 billion, a PE ratio of 29.47 and a beta of 1.72. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $537.70.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.94 by ($0.23). The company had revenue of $870.96 million during the quarter, compared to analyst estimates of $876.00 million. IES had a net margin of 9.70% and a return on equity of 35.62%.

Institutional Investors Weigh In On IES

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of IES by 7.5% during the fourth quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock worth $156,000 after acquiring an additional 28 shares during the last quarter. GAMMA Investing LLC boosted its stake in IES by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock worth $95,000 after purchasing an additional 31 shares during the period. Comerica Bank grew its position in IES by 11.8% during the 4th quarter. Comerica Bank now owns 418 shares of the technology company’s stock worth $162,000 after purchasing an additional 44 shares during the last quarter. Global Retirement Partners LLC grew its position in IES by 59.0% during the 4th quarter. Global Retirement Partners LLC now owns 124 shares of the technology company’s stock worth $48,000 after purchasing an additional 46 shares during the last quarter. Finally, F m Investments LLC increased its stake in IES by 0.3% in the second quarter. F m Investments LLC now owns 16,235 shares of the technology company’s stock valued at $4,809,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IESC. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Wall Street Zen lowered shares of IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Loop Capital set a $458.00 price objective on shares of IES in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price 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.