Insider Selling: IES (NASDAQ:IESC) Director Sells 1,700 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 1,700 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $511.29, for a total transaction of $869,193.00. Following the completion of the sale, the director owned 80,817 shares in the company, valued at approximately $41,320,923.93. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

IES Stock Performance

Shares of NASDAQ:IESC traded up $10.38 during midday trading on Thursday, reaching $515.05. The company had a trading volume of 289,370 shares, compared to its average volume of 205,460. The company has a fifty day simple moving average of $444.73 and a two-hundred day simple moving average of $406.13. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 30.64 and a beta of 1.72. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $537.70.

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

Institutional Investors Weigh In On IES

A number of hedge funds and other institutional investors have recently made changes to their positions in IESC. Global Retirement Partners LLC grew its stake in shares of IES by 1,014.3% in the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after purchasing an additional 60 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of IES in the 4th quarter valued at $38,000. Steward Partners Investment Advisory LLC boosted its holdings in IES by 366.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after purchasing an additional 77 shares in the last quarter. Finally, Spire Wealth Management acquired a new position in IES during the third quarter worth $40,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IESC has been the subject of a number of research analyst reports. Loop Capital set a $458.00 target price on IES in a report on Tuesday, February 3rd. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.