Jeffrey L. Et Al Gendell Sells 7,137 Shares of IES (NASDAQ:IESC) 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 company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $378.23, for a total transaction of $2,699,427.51. Following the transaction, the chairman directly owned 10,776,528 shares of the company's stock, valued at $4,076,006,185.44. This trade represents a 0.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

IES Trading Down 1.6%

Shares of NASDAQ IESC traded down $6.04 during midday trading on Tuesday, hitting $363.71. The stock had a trading volume of 25,179 shares, compared to its average volume of 180,270. IES Holdings, Inc. has a 1-year low of $146.51 and a 1-year high of $388.70. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 27.78 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. The company has a fifty day moving average price of $339.52 and a 200 day moving average price of $264.61.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of IES from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 16th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new stake in IES in the second quarter worth approximately $25,000. Nisa Investment Advisors LLC increased its position in shares of IES by 841.7% in the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company's stock worth $33,000 after acquiring an additional 101 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in IES in the 1st quarter worth about $36,000. Elevation Point Wealth Partners LLC purchased a new position in shares of IES during the 2nd quarter valued at $47,000. Finally, Blue Trust Inc. grew its holdings in shares of IES by 82.7% during the 2nd quarter. Blue Trust Inc. now owns 243 shares of the technology company's stock valued at $72,000 after acquiring an additional 110 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

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.