IES Holdings, Inc. (NASDAQ:IESC) CEO Sells $7,489,572.48 in Stock

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total value of $7,489,572.48. Following the completion of the transaction, the chief executive officer now owns 10,930,040 shares in the company, valued at approximately $3,015,816,636.80. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

IES Stock Performance

Shares of NASDAQ:IESC traded up $9.18 during trading hours on Friday, hitting $279.98. The stock had a trading volume of 104,308 shares, compared to its average volume of 175,513. The stock's fifty day simple moving average is $221.03 and its 200 day simple moving average is $221.66. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 26.07 and a beta of 1.62. IES Holdings, Inc. has a 1-year low of $124.55 and a 1-year high of $320.09.

IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%. The firm had revenue of $834.00 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of IES from a "buy" rating to a "hold" rating in a research report on Friday, March 14th.

Institutional Trading of IES

Hedge funds and other institutional investors have recently modified their holdings of the company. J.Safra Asset Management Corp grew its position in IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after buying an additional 50 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of IES by 6.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company's stock valued at $173,000 after buying an additional 53 shares during the period. Moran Wealth Management LLC boosted its position in IES by 1.8% during the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock valued at $683,000 after purchasing an additional 61 shares during the last quarter. Boston Partners lifted its holdings in shares of IES by 3.0% during the 1st quarter. Boston Partners now owns 2,870 shares of the technology company's stock valued at $474,000 after buying an additional 84 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its position in IES by 7.6% in the first quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company's stock worth $221,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 86.60% of the company's stock.

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.