IES (NASDAQ:IESC) Director Todd Cleveland Sells 5,000 Shares

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 5,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $761.89, for a total transaction of $3,809,450.00. Following the completion of the transaction, the director directly owned 60,874 shares of the company’s stock, valued at approximately $46,379,291.86. This represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

IES Price Performance

Shares of IES stock opened at $695.81 on Wednesday. The firm has a fifty day moving average price of $637.97 and a 200 day moving average price of $515.81. IES Holdings, Inc. has a 1 year low of $265.00 and a 1 year high of $779.00. The stock has a market cap of $13.86 billion, a PE ratio of 37.11 and a beta of 1.78.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in IES by 8.1% in the first quarter. Empowered Funds LLC now owns 1,515 shares of the technology company’s stock valued at $722,000 after buying an additional 113 shares in the last quarter. Militia Capital Management LLC purchased a new position in IES in the first quarter valued at $218,000. Parallel Advisors LLC increased its holdings in IES by 121.4% in the first 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. Optiver Holding B.V. increased its holdings in IES by 62.5% in the first quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after buying an additional 20 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in IES by 192.5% in the first quarter. Segall Bryant & Hamill LLC now owns 39,592 shares of the technology company’s stock valued at $18,864,000 after buying an additional 26,054 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on IESC. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Freedom Capital cut shares of IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, IES has an average rating of “Moderate Buy” and a consensus target price of $458.00.

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.