IES (NASDAQ:IESC) Trading Down 2.9%

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report)'s share price dropped 2.9% during trading on Tuesday . The company traded as low as $130.10 and last traded at $130.10. Approximately 23,065 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 96,691 shares. The stock had previously closed at $133.97.

IES Stock Down 6.3 %

The firm's 50 day simple moving average is $107.03 and its two-hundred day simple moving average is $84.49. The stock has a market cap of $2.54 billion, a P/E ratio of 23.87 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. IES had a net margin of 4.41% and a return on equity of 26.83%. The business had revenue of $634.40 million for the quarter.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 28,171 shares of the stock in a transaction dated Monday, February 12th. The shares were 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 owns 11,428,544 shares of the company's stock, valued at approximately $1,065,940,298.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other IES news, CEO Jeffrey L. Et Al Gendell sold 28,171 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $93.27, for a total transaction of $2,627,509.17. Following the transaction, the chief executive officer now owns 11,428,544 shares of the company's stock, valued at approximately $1,065,940,298.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey L. Et Al Gendell sold 23,110 shares of the firm's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $89.59, for a total transaction of $2,070,424.90. Following the transaction, the chief executive officer now directly owns 11,474,625 shares in the company, valued at approximately $1,028,011,653.75. The disclosure for this sale can be found here. Insiders have sold a total of 124,494 shares of company stock valued at $11,986,437 in the last quarter. Company insiders own 59.19% of the company's stock.

Hedge Funds Weigh In On IES

Large investors have recently bought and sold shares of the stock. Quadrature Capital Ltd grew its stake in shares of IES by 11.4% in the 4th quarter. Quadrature Capital Ltd now owns 16,537 shares of the technology company's stock worth $1,310,000 after purchasing an additional 1,687 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of IES in the 4th quarter worth approximately $259,000. Barclays PLC grew its stake in shares of IES by 358.0% in the 4th quarter. Barclays PLC now owns 13,351 shares of the technology company's stock worth $1,057,000 after purchasing an additional 10,436 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of IES by 120.2% in the 4th quarter. Citadel Advisors LLC now owns 26,826 shares of the technology company's stock worth $2,125,000 after purchasing an additional 14,642 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of IES by 86.3% in the 4th quarter. Royal Bank of Canada now owns 2,293 shares of the technology company's stock worth $181,000 after purchasing an additional 1,062 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

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.