BidaskClub lowered shares of IES Holdings, Inc. (NASDAQ:IESC) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Shares of IES Holdings (IESC) traded down 1.00% on Friday, hitting $14.80. The stock had a trading volume of 84,494 shares. IES Holdings has a one year low of $13.53 and a one year high of $23.00. The stock has a market cap of $315.23 million, a PE ratio of 2.73 and a beta of 0.78. The company’s 50 day moving average is $17.49 and its 200 day moving average is $18.12.

IES Holdings (NASDAQ:IESC) last issued its quarterly earnings data on Friday, August 4th. The technology company reported $0.17 earnings per share for the quarter. IES Holdings had a net margin of 13.87% and a return on equity of 8.33%. The business had revenue of $208.30 million during the quarter. Equities research analysts predict that IES Holdings will post ($1.87) EPS for the current fiscal year.

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In other IES Holdings news, Director David B. Gendell acquired 5,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average cost of $16.51 per share, with a total value of $82,550.00. Following the purchase, the director now directly owns 111,697 shares in the company, valued at approximately $1,844,117.47. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Todd M. Cleveland acquired 10,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were acquired at an average cost of $15.74 per share, with a total value of $157,400.00. Following the completion of the purchase, the director now owns 153,670 shares in the company, valued at $2,418,765.80. The disclosure for this purchase can be found here. Company insiders own 60.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of IESC. Bank of New York Mellon Corp boosted its position in shares of 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 worth $1,009,000 after buying an additional 6,793 shares during the period. Rhumbline Advisers purchased a new stake in shares of IES Holdings during the second quarter worth about $214,000. Edge Wealth Management LLC raised its stake in shares of IES Holdings by 70.8% in the second quarter. Edge Wealth Management LLC now owns 60,120 shares of the technology company’s stock worth $1,043,000 after buying an additional 24,914 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of IES Holdings during the second quarter worth about $686,000. Finally, Boston Partners purchased a new stake in shares of IES Holdings during the second quarter worth about $1,028,000. 80.09% of the stock is owned by institutional investors and hedge funds.

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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