IES (NASDAQ:IESC) Director Sells $3,809,450.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Director Todd Cleveland sold 5,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $761.89, for a total value of $3,809,450.00. Following the transaction, the director owned 60,874 shares in the company, valued at $46,379,291.86. This trade represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IES Stock Performance

IES stock opened at $712.87 on Friday. The stock has a market capitalization of $14.20 billion, a P/E ratio of 38.02 and a beta of 1.78. The company’s fifty day moving average price is $646.52 and its 200 day moving average price is $519.76. IES Holdings, Inc. has a 1 year low of $265.00 and a 1 year high of $779.00.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on IESC. Freedom Capital downgraded shares of IES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $458.00.

Institutional Investors Weigh In On IES

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optiver Holding B.V. raised its position in shares of IES by 62.5% in the first quarter. Optiver Holding B.V. now owns 52 shares of the technology company’s stock valued at $25,000 after buying an additional 20 shares during the last quarter. Blue Trust Inc. boosted its position in IES by 7.5% during the fourth quarter. Blue Trust Inc. now owns 400 shares of the technology company’s stock worth $156,000 after acquiring an additional 28 shares during the last quarter. GAMMA Investing LLC grew its stake in IES by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 244 shares of the technology company’s stock valued at $95,000 after acquiring an additional 31 shares in the last quarter. Parallel Advisors LLC grew its stake in IES by 121.4% during the 1st quarter. Parallel Advisors LLC now owns 62 shares of the technology company’s stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. Finally, KPP Advisory Services LLC raised its holdings in IES by 5.3% in the 1st quarter. KPP Advisory Services LLC now owns 699 shares of the technology company’s stock valued at $333,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds 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.