Todd Cleveland Sells 200 Shares of IES (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 200 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were 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 $41,400,054.18. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

IES Price Performance

Shares of IESC stock opened at $426.01 on Friday. The company 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 firm has a fifty day moving average price of $454.22 and a 200-day moving average price of $411.70.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IESC shares. Wall Street Zen downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Loop Capital set a $458.00 target price on shares of IES in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of IES in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $458.00.

Institutional Investors Weigh In On IES

Several institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of IES by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company’s stock valued at $810,000 after purchasing an additional 223 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of IES by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company’s stock worth $3,762,000 after acquiring an additional 1,435 shares in the last quarter. Nisa Investment Advisors LLC increased its position in IES by 841.7% in the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company’s stock worth $33,000 after purchasing an additional 101 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in IES by 20.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,985 shares of the technology company’s stock valued at $884,000 after purchasing an additional 498 shares during the last quarter. Finally, Atria Investments Inc bought a new stake in shares of IES in the 2nd quarter worth about $291,000. 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.