Insider Selling: IES Holdings, Inc. (NASDAQ:IESC) CEO Sells 27,144 Shares of Stock

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

IES Price Performance

NASDAQ:IESC traded down $3.29 during trading hours on Monday, reaching $276.69. 249,645 shares of the company were exchanged, compared to its average volume of 175,689. IES Holdings, Inc. has a 52-week low of $124.55 and a 52-week high of $320.09. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 25.76 and a beta of 1.62. The stock has a 50 day simple moving average of $221.03 and a 200 day simple moving average of $221.01.

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

Analyst Ratings Changes

Separately, Wall Street Zen cut IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.

Institutional Investors Weigh In On IES

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of IES by 38.9% in the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock worth $151,389,000 after buying an additional 210,925 shares in the last quarter. Geode Capital Management LLC boosted its holdings in IES by 17.0% in the fourth quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company's stock worth $49,168,000 after purchasing an additional 35,474 shares in the last quarter. Invesco Ltd. boosted its holdings in IES by 27.6% during the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock valued at $40,353,000 after acquiring an additional 43,449 shares during the period. Franklin Resources Inc. grew its position in IES by 4.6% during the fourth quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company's stock worth $32,668,000 after buying an additional 7,135 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in IES by 140.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock worth $25,221,000 after purchasing an additional 73,271 shares in the last quarter. Institutional investors own 86.60% of the company's stock.

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.