IES (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell Sells 39,361 Shares

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 39,361 shares of IES stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $694.01, for a total value of $27,316,927.61. Following the sale, the chairman owned 10,485,644 shares in the company, valued at $7,277,141,792.44. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

IES Price Performance

NASDAQ IESC opened at $682.20 on Friday. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 36.38 and a beta of 1.81. IES Holdings, Inc. has a one year low of $235.99 and a one year high of $700.20. The business’s fifty day moving average is $533.83 and its 200-day moving average is $467.93.

IES (NASDAQ:IESC) last released its earnings results on Friday, May 1st. The technology company reported $4.16 EPS for the quarter, topping analysts’ consensus estimates of $3.95 by $0.21. The company had revenue of $974.20 million for the quarter, compared to analysts’ expectations of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Loop Capital set a $458.00 target price on IES in a research note on Tuesday, February 3rd. Wall Street Zen cut IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Freedom Capital cut IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $458.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its holdings in IES by 121.4% during the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after buying an additional 34 shares in the last quarter. Global Retirement Partners LLC grew its holdings in IES by 1,014.3% during the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in IES by 157.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock valued at $39,000 after buying an additional 60 shares in the last quarter. International Assets Investment Management LLC purchased a new position in IES during the 4th quarter valued at about $38,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in IES by 366.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after buying an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

IES Company Profile

IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.