IES (NASDAQ:IESC) Chairman Sells $27,316,927.61 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 39,361 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $694.01, for a total value of $27,316,927.61. Following the completion of the transaction, the chairman owned 10,485,644 shares of the company’s stock, valued at $7,277,141,792.44. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

IES Stock Down 2.2%

Shares of IESC traded down $15.01 on Friday, hitting $682.20. The company’s stock had a trading volume of 123,432 shares, compared to its average volume of 209,973. The firm’s fifty day moving average price is $529.94 and its 200-day moving average price is $466.42. IES Holdings, Inc. has a fifty-two week low of $235.99 and a fifty-two week high of $700.20. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The business had revenue of $974.20 million during the quarter, compared to analyst estimates of $1.01 billion.

Institutional Investors Weigh In On IES

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. raised its stake in shares of IES by 60.5% during the 3rd quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock worth $2,277,000 after purchasing an additional 2,159 shares in the last quarter. AltraVue Capital LLC raised its stake in shares of IES by 2.1% during the 3rd quarter. AltraVue Capital LLC now owns 166,267 shares of the technology company’s stock worth $66,116,000 after purchasing an additional 3,370 shares in the last quarter. RFG Advisory LLC bought a new stake in shares of IES during the 3rd quarter worth approximately $944,000. Dakota Wealth Management bought a new stake in shares of IES during the 4th quarter worth approximately $1,018,000. Finally, First Trust Advisors LP raised its stake in shares of IES by 982.7% during the 3rd quarter. First Trust Advisors LP now owns 323,893 shares of the technology company’s stock worth $128,796,000 after purchasing an additional 293,977 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IESC shares. Loop Capital set a $458.00 price target on IES in a research report on Tuesday, February 3rd. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen downgraded IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, IES currently has a consensus rating of “Moderate Buy” and an average target price of $458.00.

About IES

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.