Jeffrey Et Al Gendell Sells 17,363 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 17,363 shares of the firm’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $379.57, for a total value of $6,590,473.91. Following the completion of the sale, the chairman owned 10,783,665 shares of the company’s stock, valued at approximately $4,093,155,724.05. This represents a 0.16% 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 the SEC website.

IES Stock Performance

Shares of IESC opened at $377.53 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 1.65. The stock has a 50-day moving average of $338.22 and a 200-day moving average of $263.27. The company has a market cap of $7.49 billion, a PE ratio of 28.84 and a beta of 1.64. IES Holdings, Inc. has a one year low of $146.51 and a one year high of $388.70.

IES (NASDAQ:IESC) last issued its earnings results on Friday, August 1st. The technology company reported $3.95 EPS for the quarter, beating the consensus estimate of $3.55 by $0.40. The company had revenue of $890.20 million during the quarter, compared to the consensus estimate of $833.00 million. IES had a return on equity of 37.23% and a net margin of 8.15%.

Hedge Funds Weigh In On IES

A number of hedge funds have recently added to or reduced their stakes in IESC. Northern Trust Corp boosted its stake in IES by 1.2% during the 4th quarter. Northern Trust Corp now owns 84,702 shares of the technology company’s stock valued at $17,022,000 after purchasing an additional 983 shares during the last quarter. Comerica Bank boosted its stake in IES by 44.9% during the 4th quarter. Comerica Bank now owns 507 shares of the technology company’s stock valued at $102,000 after purchasing an additional 157 shares during the last quarter. Deutsche Bank AG boosted its stake in IES by 40.7% during the 4th quarter. Deutsche Bank AG now owns 30,703 shares of the technology company’s stock valued at $6,170,000 after purchasing an additional 8,889 shares during the last quarter. Gotham Asset Management LLC acquired a new position in IES during the 4th quarter valued at about $647,000. Finally, Janus Henderson Group PLC lifted its position in shares of IES by 17.0% during the 4th quarter. Janus Henderson Group PLC now owns 35,070 shares of the technology company’s stock worth $7,048,000 after buying an additional 5,097 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 16th.

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.