IES (IESC) Lowered to “Sell” at BidaskClub

BidaskClub cut shares of IES (NASDAQ:IESC) from a hold rating to a sell rating in a report published on Friday morning.

Separately, TheStreet cut IES from a b rating to a c rating in a research note on Wednesday, February 7th.

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Shares of IES (NASDAQ:IESC) opened at $15.10 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.63 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $322.22, a PE ratio of 24.35 and a beta of 0.82. IES has a twelve month low of $14.05 and a twelve month high of $20.31.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.12 earnings per share for the quarter. IES had a positive return on equity of 5.86% and a negative net margin of 2.46%. The business had revenue of $198.30 million during the quarter.

In other news, Director David B. Gendell acquired 4,000 shares of IES stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $15.60 per share, for a total transaction of $62,400.00. Following the completion of the purchase, the director now directly owns 126,475 shares in the company, valued at approximately $1,973,010. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Todd M. Cleveland acquired 1,500 shares of IES stock in a transaction dated Friday, December 29th. The stock was purchased at an average price of $17.03 per share, with a total value of $25,545.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 7,000 shares of company stock valued at $113,490. Company insiders own 61.70% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Northern Trust Corp raised its stake in shares of IES by 3.0% in the second quarter. Northern Trust Corp now owns 97,465 shares of the technology company’s stock worth $1,769,000 after purchasing an additional 2,857 shares during the last quarter. Deutsche Bank AG raised its stake in shares of IES by 13.0% in the fourth quarter. Deutsche Bank AG now owns 34,927 shares of the technology company’s stock worth $600,000 after purchasing an additional 4,023 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of IES by 1,141.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 7,585 shares of the technology company’s stock worth $130,000 after purchasing an additional 6,974 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of IES in the fourth quarter worth about $132,000. Finally, Vanguard Group Inc. raised its position in IES by 2.3% during the second quarter. Vanguard Group Inc. now owns 342,436 shares of the technology company’s stock valued at $6,215,000 after acquiring an additional 7,703 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

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About IES

IES Holdings, Inc, formerly Integrated Electrical Services, Inc, is a holding company that owns and manages diverse operating subsidiaries across a range of infrastructure-related end markets. The Company operates through four segments: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions.

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