IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) CEO Jeffrey L. Et Al Gendell sold 6,722 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $275.00, for a total value of $1,848,550.00. Following the completion of the transaction, the chief executive officer now owns 10,923,318 shares in the company, valued at approximately $3,003,912,450. This trade represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
IES Stock Performance
IESC traded down $3.29 during trading on Monday, hitting $276.69. 249,645 shares of the stock were exchanged, compared to its average volume of 175,689. IES Holdings, Inc. has a 1 year low of $124.55 and a 1 year high of $320.09. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 25.76 and a beta of 1.62. The firm has a 50 day simple moving average of $221.03 and a 200 day simple moving average of $221.01.
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 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%.
Institutional Investors Weigh In On IES
Institutional investors have recently modified their holdings of the business. J.Safra Asset Management Corp grew its position in shares of 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 period. Smithfield Trust Co acquired a new stake in IES in the 4th quarter worth about $34,000. Catalyst Capital Advisors LLC acquired a new stake in IES in the 1st quarter worth about $36,000. National Bank of Canada FI purchased a new stake in IES during the 4th quarter worth approximately $54,000. Finally, Harbour Investments Inc. acquired a new position in shares of IES during the fourth quarter valued at approximately $71,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded shares of IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.
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About IES
(
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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.
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