IES (NASDAQ:IESC) Chairman Sells $10,390,650.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $692.71, for a total transaction of $10,390,650.00. Following the completion of the transaction, the chairman owned 10,525,005 shares in the company, valued at $7,290,776,213.55. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

IES Price Performance

IESC traded down $15.01 during mid-day trading on Friday, hitting $682.20. The stock had a trading volume of 123,432 shares, compared to its average volume of 209,973. IES Holdings, Inc. has a 1-year low of $235.99 and a 1-year high of $700.20. The stock’s fifty day simple moving average is $529.94 and its 200-day simple moving average is $466.42. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 36.38 and a beta of 1.81.

IES (NASDAQ:IESC) last issued its quarterly earnings data 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 business had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion. IES had a net margin of 10.40% and a return on equity of 33.97%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on IESC shares. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Freedom Capital lowered shares of IES from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Loop Capital set a $458.00 target price on shares of IES in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, IES presently has an average rating of “Moderate Buy” and an average target price of $458.00.

Hedge Funds Weigh In On IES

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in IES by 7.5% in the 4th quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock worth $156,000 after buying an additional 28 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of IES by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock worth $95,000 after acquiring an additional 31 shares in the last quarter. Parallel Advisors LLC raised 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 during the period. KPP Advisory Services LLC raised its holdings in IES by 5.3% during the 1st quarter. KPP Advisory Services LLC now owns 699 shares of the technology company’s stock valued at $333,000 after buying an additional 35 shares during the period. Finally, Petra Financial Advisors Inc. grew its position in IES by 2.3% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,843 shares of the technology company’s stock valued at $878,000 after acquiring an additional 41 shares during 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.