IES (NASDAQ:IESC) Shares Down 6.8% – Time to Sell?

IES Holdings, Inc. (NASDAQ:IESC) shares were down 6.8% during mid-day trading on Wednesday . The company traded as low as $673.26 and last traded at $676.7240. Approximately 84,259 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 207,416 shares. The stock had previously closed at $726.31.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IESC shares. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital downgraded shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $458.00.

IES Trading Down 5.9%

The firm has a market cap of $13.62 billion, a price-to-earnings ratio of 36.33 and a beta of 1.78. The stock has a 50-day moving average of $613.68 and a 200-day moving average of $504.39.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.95 by $0.21. The business had revenue of $974.20 million during the quarter, compared to analyst estimates of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Insiders Place Their Bets

In other IES news, CFO Tracy Mclauchlin sold 3,000 shares of IES stock in a transaction on Friday, May 8th. The stock was sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the sale, the chief financial officer owned 62,525 shares of the company’s stock, valued at $41,429,690.25. The trade was a 4.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew J. Simmes sold 7,000 shares of IES stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $658.24, for a total value of $4,607,680.00. Following the sale, the chief executive officer directly owned 86,575 shares in the company, valued at $56,987,128. The trade was a 7.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 156,382 shares of company stock worth $107,366,474 over the last 90 days. Insiders own 56.43% of the company’s stock.

Institutional Trading of IES

Hedge funds and other institutional investors have recently modified their holdings of the company. Optiver Holding B.V. raised its stake in shares of IES by 62.5% in the 1st quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock worth $25,000 after buying an additional 20 shares in the last quarter. Parallel Advisors LLC raised its position in shares of IES by 121.4% during the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after purchasing an additional 34 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of IES during the fourth quarter worth $38,000. Steward Partners Investment Advisory LLC raised its position in shares of IES by 366.7% during 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 during the period. Finally, SBI Securities Co. Ltd. raised its position in shares of IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after purchasing an additional 60 shares during the period. Institutional investors own 86.60% of the company’s stock.

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.