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 on Wednesday, June 11th. The shares were sold at an average price of $273.59, for a total transaction of $1,576,972.76. Following the transaction, the chief executive officer now owns 10,917,554 shares in the company, valued at $2,986,933,598.86. The trade was a 0.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

IES Price Performance

Shares of IES stock traded up $8.63 during trading on Monday, reaching $270.52. 193,758 shares of the company traded hands, compared to its average volume of 175,213. IES Holdings, Inc. has a 1-year low of $126.07 and a 1-year high of $320.09. The company has a 50 day moving average price of $233.56 and a 200-day moving average price of $220.19. The firm has a market capitalization of $5.37 billion, a PE ratio of 25.19 and a beta of 1.62.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share 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 for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IESC. J.Safra Asset Management Corp raised its holdings in IES by 56.8% during 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. Smithfield Trust Co acquired a new position in IES during the fourth quarter worth $34,000. Catalyst Capital Advisors LLC acquired a new position in IES during the first quarter worth $36,000. National Bank of Canada FI acquired a new position in IES during the fourth quarter worth $54,000. Finally, Harbour Investments Inc. acquired a new position in IES during the fourth quarter worth $71,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of 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.