IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell Sells 5,764 Shares

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $273.59, for a total transaction of $1,576,972.76. Following the completion of the transaction, the chief executive officer now directly owns 10,917,554 shares of the company's stock, valued at $2,986,933,598.86. This trade represents a 0.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

IES Stock Performance

Shares of NASDAQ IESC traded down $10.57 during mid-day trading on Friday, hitting $261.89. The stock had a trading volume of 120,937 shares, compared to its average volume of 174,933. The company has a 50 day moving average of $231.45 and a two-hundred day moving average of $221.38. IES Holdings, Inc. has a twelve month low of $126.07 and a twelve month high of $320.09. The firm has a market cap of $5.20 billion, a PE ratio of 24.38 and a beta of 1.62.

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

Institutional Investors Weigh In On IES

Several hedge funds have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp boosted its holdings in IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after purchasing an additional 50 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in IES by 6.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company's stock valued at $173,000 after purchasing an additional 53 shares during the last quarter. Moran Wealth Management LLC boosted its holdings in IES by 1.8% in 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 boosted its holdings in IES by 3.0% in the first quarter. Boston Partners now owns 2,870 shares of the technology company's stock valued at $474,000 after purchasing an additional 84 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its stake in shares of IES by 7.6% during the 1st 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. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.