IES (NASDAQ:IESC) Chairman Sells $27,316,927.61 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Chairman Jeffrey Et Al Gendell sold 39,361 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $694.01, for a total value of $27,316,927.61. Following the sale, the chairman directly owned 10,485,644 shares in the company, valued at approximately $7,277,141,792.44. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

IES Price Performance

NASDAQ IESC opened at $682.20 on Monday. IES Holdings, Inc. has a twelve month low of $235.99 and a twelve month high of $700.20. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 36.38 and a beta of 1.81. The business’s fifty day moving average is $533.83 and its 200 day moving average is $468.32.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, May 1st. The technology company reported $4.16 earnings per share for the quarter, beating the consensus estimate of $3.95 by $0.21. IES had a return on equity of 33.97% and a net margin of 10.40%.The company had revenue of $974.20 million for the quarter, compared to the consensus estimate of $1.01 billion.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IESC. Parallel Advisors LLC raised its position in shares of IES by 121.4% in the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock worth $30,000 after acquiring an additional 34 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of IES by 1,014.3% in the 3rd quarter. Global Retirement Partners LLC now owns 78 shares of the technology company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of IES in the 4th quarter worth about $38,000. Steward Partners Investment Advisory LLC raised its position in shares of IES by 366.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock worth $38,000 after acquiring an additional 77 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of IES by 157.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after acquiring an additional 60 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Loop Capital set a $458.00 price objective on IES in a report on Tuesday, February 3rd. Freedom Capital downgraded IES from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $458.00.

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.