IES (NASDAQ:IESC) Shares Up 7.6%

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report)'s stock price shot up 7.6% on Tuesday . The stock traded as high as $126.64 and last traded at $126.58. 78,332 shares were traded during mid-day trading, a decline of 21% from the average session volume of 99,556 shares. The stock had previously closed at $117.68.

IES Stock Up 8.5 %

The firm has a 50 day moving average of $113.44 and a two-hundred day moving average of $88.27. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 24.27 and a beta of 1.34.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The technology company reported $1.87 earnings per share for the quarter. The business had revenue of $634.40 million for the quarter. IES had a return on equity of 26.83% and a net margin of 4.41%.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 28,171 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $93.27, for a total value of $2,627,509.17. Following the sale, the chief executive officer now directly owns 11,428,544 shares of the company's stock, valued at $1,065,940,298.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Jeffrey L. Et Al Gendell sold 28,171 shares of IES stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $93.27, for a total transaction of $2,627,509.17. Following the sale, the chief executive officer now directly owns 11,428,544 shares of the company's stock, valued at $1,065,940,298.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 3,700 shares of IES stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $85.60, for a total value of $316,720.00. Following the sale, the chief executive officer now directly owns 11,500,233 shares in the company, valued at $984,419,944.80. The disclosure for this sale can be found here. Insiders have sold 116,294 shares of company stock valued at $11,283,205 over the last ninety days. 59.19% of the stock is owned by corporate insiders.

Institutional Trading of IES

A number of hedge funds have recently made changes to their positions in IESC. Sunbelt Securities Inc. acquired a new position in shares of IES in the first quarter worth approximately $48,000. Allspring Global Investments Holdings LLC lifted its stake in shares of IES by 1,078.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 589 shares of the technology company's stock worth $39,000 after acquiring an additional 539 shares during the period. Acadian Asset Management LLC acquired a new position in shares of IES in the third quarter worth approximately $41,000. Teacher Retirement System of Texas lifted its stake in shares of IES by 10.3% in the fourth quarter. Teacher Retirement System of Texas now owns 9,668 shares of the technology company's stock worth $766,000 after acquiring an additional 904 shares during the period. Finally, Coombe Bender & Co LLC lifted its stake in shares of IES by 2.8% in the fourth quarter. Coombe Bender & Co LLC now owns 62,647 shares of the technology company's stock worth $4,963,000 after acquiring an additional 1,683 shares during the period. 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.