Insider Selling: IES (NASDAQ:IESC) Chairman Sells 5,048 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 5,048 shares of IES stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $529.50, for a total transaction of $2,672,916.00. Following the sale, the chairman owned 10,590,272 shares of the company’s stock, valued at approximately $5,607,549,024. The trade was a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

IES Trading Down 3.3%

Shares of NASDAQ IESC traded down $17.31 during trading on Tuesday, reaching $500.85. 212,448 shares of the company traded hands, compared to its average volume of 201,302. The stock has a market cap of $9.98 billion, a P/E ratio of 29.79 and a beta of 1.72. The firm’s fifty day simple moving average is $437.13 and its 200 day simple moving average is $398.40. IES Holdings, Inc. has a 12-month low of $146.51 and a 12-month high of $537.70.

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

Institutional Investors Weigh In On IES

Several large investors have recently bought and sold shares of IESC. Pertento Partners LLP increased its stake in shares of IES by 17.1% during the fourth quarter. Pertento Partners LLP now owns 209,351 shares of the technology company’s stock worth $81,442,000 after buying an additional 30,583 shares during the period. Rexford Capital Inc. raised its holdings in shares of IES by 16.7% in the 4th quarter. Rexford Capital Inc. now owns 700 shares of the technology company’s stock valued at $272,000 after purchasing an additional 100 shares in the last quarter. Amundi purchased a new stake in shares of IES during the 4th quarter worth $235,000. Jump Financial LLC purchased a new position in IES in the fourth quarter valued at $360,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of IES by 2.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 60,821 shares of the technology company’s stock worth $23,661,000 after acquiring an additional 1,299 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Loop Capital set a $458.00 price target on IES in a research report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research note on Monday, December 22nd. Finally, Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $458.00.

IES Company Profile

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.