Todd Cleveland Sells 875 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 875 shares of IES stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $501.13, for a total value of $438,488.75. Following the sale, the director directly owned 79,514 shares in the company, valued at $39,846,850.82. The trade was a 1.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

IES Stock Performance

NASDAQ:IESC opened at $426.01 on Friday. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 25.34 and a beta of 1.68. IES Holdings, Inc. has a 1 year low of $146.51 and a 1 year high of $537.70. The business has a fifty day moving average of $454.22 and a 200-day moving average of $411.70.

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

Institutional Investors Weigh In On IES

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Orion Porfolio Solutions LLC lifted its holdings in shares of IES by 85.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 5,649 shares of the technology company’s stock valued at $1,673,000 after buying an additional 2,596 shares during the last quarter. Alps Advisors Inc. raised its position in IES by 60.5% during the third quarter. Alps Advisors Inc. now owns 5,726 shares of the technology company’s stock valued at $2,277,000 after acquiring an additional 2,159 shares in the last quarter. Atria Investments Inc bought a new position in IES during the second quarter valued at approximately $291,000. Geode Capital Management LLC lifted its stake in IES by 4.8% in the second quarter. Geode Capital Management LLC now owns 263,993 shares of the technology company’s stock valued at $78,210,000 after acquiring an additional 12,026 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in IES by 50.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 110,313 shares of the technology company’s stock worth $32,678,000 after acquiring an additional 36,845 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

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