IES’s (IESC) “Buy (B-)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reiterated their buy (b-) rating on shares of IES (NASDAQ:IESC) in a research report report published on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded IES from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

IES Price Performance

Shares of NASDAQ:IESC opened at $394.99 on Tuesday. The business’s fifty day moving average price is $364.49 and its two-hundred day moving average price is $294.52. The stock has a market cap of $7.84 billion, a PE ratio of 30.17 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.65 and a current ratio of 1.85. IES has a one year low of $146.51 and a one year high of $405.00.

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

Insider Activity

In related news, Chairman Jeffrey L. Et Al Gendell sold 6,811 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $380.74, for a total value of $2,593,220.14. Following the transaction, the chairman directly owned 10,769,717 shares of the company’s stock, valued at approximately $4,100,462,050.58. This trade represents a 0.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 145,837 shares of company stock worth $53,984,109 in the last 90 days. 56.76% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. F m Investments LLC raised its position in shares of IES by 0.3% in the 2nd quarter. F m Investments LLC now owns 16,235 shares of the technology company’s stock worth $4,809,000 after buying an additional 51 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of IES by 1.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company’s stock worth $1,468,000 after buying an additional 51 shares during the period. Two Sigma Securities LLC raised its position in shares of IES by 3.2% in the 2nd quarter. Two Sigma Securities LLC now owns 1,959 shares of the technology company’s stock worth $580,000 after buying an additional 61 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of IES by 7.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 923 shares of the technology company’s stock worth $273,000 after buying an additional 62 shares during the period. Finally, Insight Wealth Strategies LLC raised its position in shares of IES by 4.9% in the 2nd quarter. Insight Wealth Strategies LLC now owns 1,404 shares of the technology company’s stock worth $406,000 after buying an additional 66 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.