IES (NASDAQ:IESC) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Separately, BidaskClub upgraded shares of IES from a “hold” rating to a “buy” rating in a research note on Saturday, October 13th.

Shares of IESC opened at $16.69 on Tuesday. IES has a fifty-two week low of $14.90 and a fifty-two week high of $20.25. The stock has a market cap of $362.61 million, a PE ratio of 17.45 and a beta of 0.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.63 and a quick ratio of 1.50.

In other IES news, Director Todd M. Cleveland bought 5,304 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was acquired at an average price of $18.93 per share, for a total transaction of $100,404.72. Following the completion of the purchase, the director now owns 163,675 shares of the company’s stock, valued at $3,098,367.75. The acquisition was disclosed in a filing with the SEC, which is available through this link. 61.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in IES by 10.7% in the third quarter. Renaissance Technologies LLC now owns 210,532 shares of the technology company’s stock valued at $4,105,000 after purchasing an additional 20,300 shares during the period. Eaton Vance Management acquired a new stake in IES in the third quarter valued at about $975,000. Acuitas Investments LLC lifted its position in IES by 52.1% in the third quarter. Acuitas Investments LLC now owns 232,161 shares of the technology company’s stock valued at $4,527,000 after purchasing an additional 79,504 shares during the period. BlackRock Inc. lifted its position in IES by 1.5% in the third quarter. BlackRock Inc. now owns 415,547 shares of the technology company’s stock valued at $8,102,000 after purchasing an additional 6,100 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in IES by 5.8% in the third quarter. Bank of New York Mellon Corp now owns 114,876 shares of the technology company’s stock valued at $2,240,000 after purchasing an additional 6,255 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.

IES Company Profile

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.

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