IES (NASDAQ:IESC) Stock Rating Lowered by StockNews.com

IES (NASDAQ:IESC) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

IES Stock Up 14.5 %

Shares of IESC traded up $39.94 during mid-day trading on Wednesday, hitting $316.26. The stock had a trading volume of 307,764 shares, compared to its average volume of 169,343. IES has a fifty-two week low of $80.86 and a fifty-two week high of $320.08. The company has a market cap of $6.33 billion, a PE ratio of 31.98 and a beta of 1.52. The company’s fifty day simple moving average is $248.49 and its two-hundred day simple moving average is $207.99.

Insider Buying and Selling at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the completion of the transaction, the chief executive officer now owns 10,957,184 shares in the company, valued at $2,763,949,664. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the completion of the sale, the chief financial officer now directly owns 71,177 shares in the company, valued at $18,009,204.54. This represents a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock worth $7,341,029 over the last 90 days. Insiders own 56.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. KBC Group NV raised its holdings in shares of IES by 52.5% during the fourth quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after buying an additional 138 shares during the last quarter. Hennessy Advisors Inc. grew its stake in shares of IES by 6.9% in the fourth quarter. Hennessy Advisors Inc. now owns 82,600 shares of the technology company’s stock worth $16,599,000 after purchasing an additional 5,300 shares in the last quarter. City State Bank bought a new position in shares of IES in the fourth quarter worth $106,000. JPMorgan Chase & Co. increased its holdings in shares of IES by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 41,482 shares of the technology company’s stock valued at $8,281,000 after purchasing an additional 1,027 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of IES by 56.9% during the third quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock valued at $1,451,000 after purchasing an additional 2,636 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.