IES (NASDAQ:IESC) Director Todd Cleveland Sells 200 Shares

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 200 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $513.54, for a total transaction of $102,708.00. Following the sale, the director owned 80,617 shares of the company’s stock, valued at approximately $41,400,054.18. This trade represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

IES Stock Down 14.3%

IESC traded down $69.70 during trading on Thursday, reaching $418.07. 180,267 shares of the stock traded hands, compared to its average volume of 206,583. The stock’s 50-day moving average is $453.84 and its 200 day moving average is $411.60. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70. The stock has a market capitalization of $8.33 billion, a PE ratio of 24.87 and a beta of 1.68.

IES (NASDAQ:IESC) last announced its earnings results on Friday, January 30th. The technology company reported $3.71 EPS for the quarter, missing the consensus estimate of $3.94 by ($0.23). The business had revenue of $870.96 million for the quarter, compared to the consensus estimate of $876.00 million. IES had a net margin of 9.70% and a return on equity of 35.62%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IESC. Wall Street Zen cut shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. Finally, Loop Capital set a $458.00 price objective on IES in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $458.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. First Trust Advisors LP boosted its holdings in 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 acquiring an additional 293,977 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of IES by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 274,725 shares of the technology company’s stock worth $106,887,000 after buying an additional 6,349 shares during the last quarter. Pertento Partners LLP grew its holdings in shares of IES by 17.1% in the fourth quarter. Pertento Partners LLP now owns 209,351 shares of the technology company’s stock valued at $81,442,000 after acquiring an additional 30,583 shares in the last quarter. State Street Corp increased its position in shares of IES by 1.2% during the fourth quarter. State Street Corp now owns 205,905 shares of the technology company’s stock valued at $80,101,000 after acquiring an additional 2,517 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in IES by 7.7% during the fourth quarter. Morgan Stanley now owns 171,488 shares of the technology company’s stock worth $66,713,000 after acquiring an additional 12,232 shares during the period. 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.