IES Holdings Inc (NASDAQ:IESC) Director Todd M. Cleveland acquired 5,304 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was acquired at an average price of $18.93 per share, with a total value of $100,404.72. Following the acquisition, the director now directly owns 163,675 shares of the company’s stock, valued at approximately $3,098,367.75. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of IESC stock opened at $19.35 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.63 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $402.90 million, a P/E ratio of 26.03 and a beta of 0.23. IES Holdings Inc has a fifty-two week low of $14.90 and a fifty-two week high of $20.25.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, August 3rd. The technology company reported $0.42 earnings per share for the quarter. The firm had revenue of $232.60 million during the quarter. IES had a negative net margin of 1.87% and a positive return on equity of 9.47%.

Several hedge funds have recently made changes to their positions in IESC. Acuitas Investments LLC grew its holdings in shares of IES by 227.0% in the second quarter. Acuitas Investments LLC now owns 152,657 shares of the technology company’s stock valued at $2,557,000 after purchasing an additional 105,968 shares in the last quarter. Millennium Management LLC acquired a new position in shares of IES in the fourth quarter valued at approximately $561,000. Strs Ohio grew its holdings in IES by 609.5% during the 2nd quarter. Strs Ohio now owns 14,900 shares of the technology company’s stock worth $249,000 after acquiring an additional 12,800 shares in the last quarter. Gabelli Funds LLC acquired a new position in IES during the 1st quarter worth approximately $167,000. Finally, Rhumbline Advisers acquired a new position in IES during the 2nd quarter worth approximately $169,000. Hedge funds and other institutional investors own 77.55% of the company’s stock.

A number of research analysts recently weighed in on IESC shares. TheStreet upgraded shares of IES from a “c” rating to a “b-” rating in a report on Friday, June 1st. BidaskClub upgraded shares of IES from a “hold” rating to a “buy” rating in a report on Wednesday.

About IES

IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. The company's Commercial & Industrial segment provides electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.

See Also: Outstanding Shares

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