IES (NASDAQ:IESC) Trading Down 10.3% - Time to Sell?

Key Points

• IES Holdings, Inc.'s stock price fell by 10.3%, trading between $348.08 and $355.52, and experiencing a significant drop in trading volume.
• Despite the recent decline, analysts have upgraded the stock to a consensus rating of "Buy", with one firm elevating it to a "strong-buy" rating.
• In recent insider transactions, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares for approximately $20.75 million, indicating active movement among insiders regarding their holdings.

Shares of IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) fell 10.3% on Wednesday . The stock traded as low as $348.08 and last traded at $355.52. 114,915 shares were traded during mid-day trading, a decline of 35% from the average session volume of 176,961 shares. The stock had previously closed at $396.48.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IESC. Wall Street Zen upgraded IES from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 16th. Weiss Ratings reiterated a "buy (b-)" rating on shares of IES in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, IES has a consensus rating of "Buy".

IES Stock Down 9.2%

The company has a fifty day simple moving average of $369.47 and a 200-day simple moving average of $302.26. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. The firm has a market cap of $7.15 billion, a P/E ratio of 27.50 and a beta of 1.70.

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, beating the consensus estimate of $3.55 by $0.40. IES had a return on equity of 37.23% and a net margin of 8.15%.The business had revenue of $890.20 million during the quarter, compared to analyst estimates of $833.00 million.

Insider Buying and Selling at IES

In other news, Chairman Jeffrey L. Et Al Gendell sold 55,500 shares of the company's 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 completion of the transaction, the chairman owned 10,801,028 shares of the company's stock, valued at $4,038,720,389.76. This represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 145,837 shares of company stock valued at $53,984,109 over the last three months. Corporate insiders own 56.76% of the company's stock.

Institutional Investors Weigh In On IES

Hedge funds have recently made changes to their positions in the company. Pertento Partners LLP purchased a new position in IES during the 2nd quarter valued at approximately $46,916,000. Lord Abbett & CO. LLC purchased a new stake in shares of IES during the 1st quarter worth approximately $16,853,000. Swedbank AB raised its holdings in shares of IES by 153.1% during the 3rd quarter. Swedbank AB now owns 81,000 shares of the technology company's stock worth $32,210,000 after acquiring an additional 49,000 shares in the last quarter. United Capital Management of KS Inc. purchased a new stake in shares of IES during the 2nd quarter worth approximately $13,589,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of IES by 50.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 110,313 shares of the technology company's stock worth $32,678,000 after acquiring an additional 36,845 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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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