IES (NASDAQ:IESC) Chairman Jeffrey L. Et Al Gendell Sells 55,500 Shares

Key Points

• IES Holdings, Inc. Chairman Jeffrey Et Al Gendell sold 55,500 shares at an average price of $373.92, totaling approximately $20.75 million, reducing his ownership stake by 0.51%.
• The company reported earnings per share of $3.95 for the last quarter, exceeding estimates of $3.55, with revenues of $890.20 million beating expectations of $833.00 million.
• IES's stock has seen a price range between a 52-week low of $146.51 and a high of $388.70, with a current market capitalization of $7.50 billion.

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $373.92, for a total value of $20,752,560.00. Following the sale, the chairman owned 10,801,028 shares of the company's stock, valued at approximately $4,038,720,389.76. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

IES Stock Down 1.6%

Shares of IESC traded down $6.04 during trading hours on Tuesday, hitting $363.71. The stock had a trading volume of 25,179 shares, compared to its average volume of 180,270. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65. The firm has a 50 day simple moving average of $339.52 and a 200-day simple moving average of $264.61. The firm has a market capitalization of $7.22 billion, a P/E ratio of 27.78 and a beta of 1.64. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $388.70.

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

Institutional Trading of IES

A number of large investors have recently modified their holdings of the business. F m Investments LLC grew its position in shares of IES by 0.3% in the 2nd quarter. F m Investments LLC now owns 16,235 shares of the technology company's stock worth $4,809,000 after buying an additional 51 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in IES by 1.0% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company's stock worth $1,468,000 after buying an additional 51 shares in the last quarter. Two Sigma Securities LLC raised its stake in IES by 3.2% in the second quarter. Two Sigma Securities LLC now owns 1,959 shares of the technology company's stock worth $580,000 after buying an additional 61 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in IES by 7.2% in the second quarter. Ameritas Investment Partners Inc. now owns 923 shares of the technology company's stock worth $273,000 after buying an additional 62 shares in the last quarter. Finally, Insight Wealth Strategies LLC raised its stake in IES by 4.9% in the second quarter. Insight Wealth Strategies LLC now owns 1,404 shares of the technology company's stock worth $406,000 after buying an additional 66 shares in the last quarter. Institutional investors own 86.60% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of IES from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 16th.

IES Company Profile

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.