Jeffrey Et Al Gendell Sells 46,720 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 46,720 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $756.47, for a total value of $35,342,278.40. Following the transaction, the chairman owned 10,406,559 shares of the company’s stock, valued at approximately $7,872,249,686.73. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

IES Stock Down 4.2%

Shares of NASDAQ:IESC traded down $30.60 during midday trading on Tuesday, reaching $695.81. The company’s stock had a trading volume of 170,329 shares, compared to its average volume of 207,334. The firm has a market capitalization of $13.86 billion, a P/E ratio of 37.11 and a beta of 1.78. The firm has a 50 day moving average of $633.71 and a 200-day moving average of $513.87. IES Holdings, Inc. has a 12-month low of $265.00 and a 12-month high of $779.00.

IES (NASDAQ:IESC) last issued its earnings results on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, beating the consensus estimate of $3.95 by $0.21. The business had revenue of $974.20 million for the quarter, compared to the consensus estimate of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Wall Street Analyst Weigh In

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

Institutional Trading of IES

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in shares of IES by 8.1% during the 1st quarter. Empowered Funds LLC now owns 1,515 shares of the technology company’s stock valued at $722,000 after buying an additional 113 shares during the period. Militia Capital Management LLC acquired a new stake in shares of IES during the first quarter worth $218,000. Parallel Advisors LLC raised its position in IES by 121.4% during the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after buying an additional 34 shares during the period. Optiver Holding B.V. grew its stake in IES by 62.5% in the first quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after purchasing an additional 20 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of IES by 192.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 39,592 shares of the technology company’s stock worth $18,864,000 after acquiring an additional 26,054 shares in the last quarter. Hedge funds and other 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.