BidaskClub downgraded shares of IES Holdings, Inc. (NASDAQ:IESC) from a buy rating to a hold rating in a research report released on Monday morning.

IES Holdings (IESC) traded up 1.15% during mid-day trading on Monday, hitting $17.65. The stock had a trading volume of 13,509 shares. IES Holdings has a 1-year low of $13.50 and a 1-year high of $23.00. The stock has a market cap of $375.93 million, a PE ratio of 3.25 and a beta of 0.80. The firm’s 50-day moving average price is $17.23 and its 200-day moving average price is $18.20.

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In other news, Director Todd M. Cleveland acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average price of $15.74 per share, for a total transaction of $157,400.00. Following the completion of the purchase, the director now owns 153,670 shares in the company, valued at $2,418,765.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David B. Gendell acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average price of $16.51 per share, for a total transaction of $82,550.00. Following the purchase, the director now owns 111,697 shares of the company’s stock, valued at approximately $1,844,117.47. The disclosure for this purchase can be found here. 60.00% of the stock is currently owned by corporate insiders.

About IES Holdings

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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