Jeffrey L. Et Al Gendell Sells 6,722 Shares of IES Holdings, Inc. (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) CEO Jeffrey L. Et Al Gendell sold 6,722 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $275.00, for a total value of $1,848,550.00. Following the completion of the sale, the chief executive officer now directly owns 10,923,318 shares in the company, valued at $3,003,912,450. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

IES Price Performance

IESC traded up $9.18 during midday trading on Friday, reaching $279.98. 104,308 shares of the company's stock were exchanged, compared to its average volume of 175,513. IES Holdings, Inc. has a 1-year low of $124.55 and a 1-year high of $320.09. The stock has a market capitalization of $5.56 billion, a PE ratio of 26.07 and a beta of 1.62. The business's 50-day moving average price is $221.03 and its 200 day moving average price is $221.66.

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

Hedge Funds Weigh In On IES

Institutional investors and hedge funds have recently modified their holdings of the company. J.Safra Asset Management Corp raised its holdings in IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after acquiring an additional 50 shares during the last quarter. Smithfield Trust Co purchased a new stake in shares of IES in the fourth quarter valued at $34,000. Catalyst Capital Advisors LLC purchased a new stake in shares of IES in the first quarter valued at $36,000. National Bank of Canada FI acquired a new position in IES in the fourth quarter valued at $54,000. Finally, Harbour Investments Inc. purchased a new position in IES during the fourth quarter worth about $71,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered 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.