Insider Selling: IES (NASDAQ:IESC) Chairman Sells $1,443,185.40 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 2,055 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $702.28, for a total value of $1,443,185.40. Following the completion of the transaction, the chairman directly owned 10,483,589 shares of the company’s stock, valued at approximately $7,362,414,882.92. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

IES Price Performance

IESC stock opened at $678.35 on Friday. The business has a fifty day moving average price of $579.13 and a 200 day moving average price of $486.64. IES Holdings, Inc. has a fifty-two week low of $246.43 and a fifty-two week high of $713.82. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 36.18 and a beta of 1.81.

IES (NASDAQ:IESC) last released its quarterly earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share 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 firm had revenue of $974.20 million during the quarter, compared to analysts’ expectations of $1.01 billion.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in shares of IES by 7.5% in the 4th quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock worth $156,000 after purchasing an additional 28 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of IES by 14.6% in 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 last quarter. Parallel Advisors LLC boosted its position in shares of IES by 121.4% in the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after purchasing an additional 34 shares during the last quarter. KPP Advisory Services LLC boosted its position in shares of IES by 5.3% in the 1st quarter. KPP Advisory Services LLC now owns 699 shares of the technology company’s stock worth $333,000 after purchasing an additional 35 shares during the last quarter. Finally, Petra Financial Advisors Inc. boosted its position in shares of IES by 2.3% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,843 shares of the technology company’s stock worth $878,000 after purchasing an additional 41 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Loop Capital set a $458.00 price target on IES in a report on Tuesday, February 3rd. Finally, Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently 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.