IES (NASDAQ:IESC) Director Sells $713,697.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 1,425 shares of IES stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $500.84, for a total transaction of $713,697.00. Following the completion of the transaction, the director directly owned 78,089 shares in the company, valued at $39,110,094.76. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

IES Price Performance

NASDAQ IESC opened at $430.65 on Friday. The business has a fifty day moving average price of $454.77 and a two-hundred day moving average price of $412.35. IES Holdings, Inc. has a fifty-two week low of $146.51 and a fifty-two week high of $537.70. The stock has a market capitalization of $8.58 billion, a PE ratio of 25.62 and a beta of 1.68.

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

Hedge Funds Weigh In On IES

A number of hedge funds have recently bought and sold shares of IESC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in IES by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock valued at $810,000 after buying an additional 223 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in IES by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock valued at $3,762,000 after acquiring an additional 1,435 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of IES by 841.7% during the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of IES by 20.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,985 shares of the technology company’s stock valued at $884,000 after acquiring an additional 498 shares in the last quarter. Finally, Atria Investments Inc bought a new position in shares of IES in the 2nd quarter worth $291,000. Institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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