IES Holdings, Inc. (NASDAQ:IESC) Chairman Sells $607,819.50 in Stock

Key Points

• IES Holdings, Inc. Chairman Jeffrey L. Et Al Gendell sold 1,710 shares of stock for a total of $607,819.50, reducing his ownership by 0.02% but still holding over $3.8 billion in shares.
• The company reported $3.95 earnings per share for the last quarter, surpassing analyst estimates and achieving a net margin of 8.15% on $890.20 million in revenue.
• Institutional ownership of IES is significant, with 86.60% of the stock held by institutional investors, reflecting recent increases from various funds during the second quarter.

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) Chairman Jeffrey L. Et Al Gendell sold 1,710 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $355.45, for a total value of $607,819.50. Following the completion of the sale, the chairman owned 10,913,844 shares in the company, valued at approximately $3,879,325,849.80. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

IES Stock Performance

Shares of NASDAQ:IESC traded down $2.68 during mid-day trading on Friday, reaching $332.16. The company had a trading volume of 108,672 shares, compared to its average volume of 186,631. The company's 50-day moving average price is $309.31 and its 200-day moving average price is $242.56. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 25.38 and a beta of 1.67. The company has a current ratio of 1.85, a quick ratio of 1.65 and a debt-to-equity ratio of 0.03. IES Holdings, Inc. has a one year low of $140.89 and a one year high of $370.88.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.55 by $0.40. IES had a net margin of 8.15% and a return on equity of 37.23%. The company had revenue of $890.20 million during the quarter, compared to the consensus estimate of $833.00 million.

Institutional Trading of IES

Institutional investors and hedge funds have recently modified their holdings of the company. Vident Advisory LLC boosted its position in IES by 2.9% in the 2nd quarter. Vident Advisory LLC now owns 18,571 shares of the technology company's stock valued at $5,501,000 after buying an additional 517 shares during the period. Two Sigma Securities LLC increased its position in shares of IES by 3.2% during the second quarter. Two Sigma Securities LLC now owns 1,959 shares of the technology company's stock valued at $580,000 after acquiring an additional 61 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of IES by 296.2% in the second quarter. Orion Porfolio Solutions LLC now owns 12,096 shares of the technology company's stock valued at $3,583,000 after purchasing an additional 9,043 shares during the period. Man Group plc lifted its position in shares of IES by 82.2% during the 2nd quarter. Man Group plc now owns 12,439 shares of the technology company's stock worth $3,685,000 after buying an additional 5,612 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in IES by 335.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,612 shares of the technology company's stock valued at $1,366,000 after purchasing an additional 3,552 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut IES from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.

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