BidaskClub Upgrades IES (IESC) to “Hold”

IES (NASDAQ:IESC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

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

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NASDAQ IESC traded up $0.15 during mid-day trading on Wednesday, hitting $16.40. The stock had a trading volume of 1,923 shares, compared to its average volume of 36,752. IES has a twelve month low of $14.05 and a twelve month high of $20.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.50 and a current ratio of 1.63. The company has a market cap of $345.69, a P/E ratio of 26.13 and a beta of 0.79.

IES (NASDAQ:IESC) last issued its earnings results on Tuesday, February 6th. The technology company reported $0.12 earnings per share (EPS) 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 related news, Director David B. Gendell bought 4,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average cost of $15.60 per share, with a total value of $62,400.00. Following the purchase, the director now directly owns 126,475 shares of the company’s stock, valued at $1,973,010. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 60.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Legato Capital Management LLC increased its stake in shares of IES by 266.9% in the 4th quarter. Legato Capital Management LLC now owns 110,957 shares of the technology company’s stock worth $1,914,000 after acquiring an additional 80,715 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of IES during the 4th quarter worth $132,000. Boothbay Fund Management LLC grew its holdings in shares of IES by 27.1% during the 3rd quarter. Boothbay Fund Management LLC now owns 45,258 shares of the technology company’s stock worth $783,000 after purchasing an additional 9,646 shares during the period. Crestline Management LP purchased a new position in shares of IES during the 4th quarter worth $478,000. Finally, Edge Wealth Management LLC grew its holdings in shares of IES by 99.4% during the 4th quarter. Edge Wealth Management LLC now owns 40,120 shares of the technology company’s stock worth $696,000 after purchasing an additional 20,000 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

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About IES

IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. The company's Commercial & Industrial segment provides electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.

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