Insider Selling: IES (NASDAQ:IESC) Chairman Sells 7,137 Shares of Stock

Key Points

• Chairman Jeffrey Et Al Gendell sold 7,137 shares of IES stock at an average price of $378.23, totaling approximately $2.7 million, leaving him with 10,776,528 shares.
• IES Holdings reported a quarterly EPS of $3.95, surpassing estimates, with revenues of $890.20 million in the last quarter.
• The stock has recently been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, reflecting positive sentiment among analysts.

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) Chairman Jeffrey L. Et Al Gendell sold 7,137 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $378.23, for a total value of $2,699,427.51. Following the completion of the transaction, the chairman owned 10,776,528 shares of the company's stock, valued at approximately $4,076,006,185.44. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

IES Stock Down 2.5%

Shares of IESC stock traded down $9.17 during mid-day trading on Wednesday, reaching $357.71. 130,937 shares of the company's stock traded hands, compared to its average volume of 134,332. The company's 50-day moving average price is $342.05 and its 200-day moving average price is $265.96. The company has a market cap of $7.10 billion, a P/E ratio of 27.33 and a beta of 1.64. The company has a quick ratio of 1.65, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $388.70.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The technology company reported $3.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.55 by $0.40. The company had revenue of $890.20 million during the quarter, compared to analyst estimates of $833.00 million. IES had a net margin of 8.15% and a return on equity of 37.23%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded IES from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 16th.

Institutional Trading of IES

Several institutional investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new stake in shares of IES in the 2nd quarter worth $25,000. Nisa Investment Advisors LLC boosted its position in shares of IES by 841.7% during the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company's stock valued at $33,000 after buying an additional 101 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in IES in the 2nd quarter worth about $47,000. Catalyst Capital Advisors LLC purchased a new position in IES in the 1st quarter worth about $36,000. Finally, Blue Trust Inc. raised its position in IES by 82.7% in the 2nd quarter. Blue Trust Inc. now owns 243 shares of the technology company's stock worth $72,000 after buying an additional 110 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.