IES (NASDAQ:IESC) Trading Down 5.6% – Should You Sell?

IES Holdings, Inc. (NASDAQ:IESC)’s stock price dropped 5.6% on Monday . The company traded as low as $218.42 and last traded at $217.59. Approximately 33,712 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 219,793 shares. The stock had previously closed at $230.49.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of IES from a “hold” rating to a “buy” rating in a research report on Wednesday.

IES Trading Down 0.7 %

The business’s 50-day simple moving average is $234.79 and its two-hundred day simple moving average is $216.68. The company has a market capitalization of $4.33 billion, a PE ratio of 20.15 and a beta of 1.52.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Insider Transactions at IES

In other IES news, COO Matthew J. Simmes sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total value of $2,053,240.00. Following the sale, the chief operating officer now owns 115,341 shares in the company, valued at approximately $33,831,822.12. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mary K. Newman sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the sale, the vice president now owns 18,286 shares in the company, valued at $5,234,001.78. The trade was a 12.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,359 shares of company stock valued at $7,341,029. Insiders own 56.76% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of IES by 4.6% during the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after acquiring an additional 65,145 shares during the period. Vanguard Group Inc. boosted its holdings in IES by 38.9% during the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company’s stock worth $151,389,000 after buying an additional 210,925 shares in the last quarter. Royce & Associates LP boosted its holdings in IES by 15.1% during the third quarter. Royce & Associates LP now owns 294,808 shares of the technology company’s stock worth $58,850,000 after buying an additional 38,783 shares in the last quarter. Geode Capital Management LLC boosted its holdings in IES by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company’s stock worth $49,168,000 after buying an additional 35,474 shares in the last quarter. Finally, State Street Corp boosted its holdings in IES by 3.2% during the third quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after buying an additional 6,492 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Company Profile

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.