Insider Selling: IES (NASDAQ:IESC) CEO Sells 5,000 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Matthew Simmes sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $506.26, for a total value of $2,531,300.00. Following the transaction, the chief executive officer owned 93,575 shares of the company’s stock, valued at approximately $47,373,279.50. This represents a 5.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

IES Price Performance

NASDAQ:IESC traded up $12.73 during trading hours on Friday, hitting $519.67. The company had a trading volume of 277,992 shares, compared to its average volume of 202,073. The stock has a 50-day moving average price of $439.04 and a 200 day moving average price of $400.84. The company has a market capitalization of $10.36 billion, a PE ratio of 30.91 and a beta of 1.72. IES Holdings, Inc. has a 52 week low of $146.51 and a 52 week high of $537.70.

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

Wall Street Analysts Forecast Growth

IESC has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of IES in a research report on Monday, December 22nd. Loop Capital set a $458.00 price objective on IES in a report on Tuesday, February 3rd. Finally, Wall Street Zen lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $458.00.

Institutional Investors Weigh In On IES

Several hedge funds have recently added to or reduced their stakes in the stock. 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 purchasing an additional 71 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in IES by 157.9% in the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company’s stock worth $39,000 after buying an additional 60 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of IES during the fourth quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC increased its position in shares of IES by 366.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company’s stock valued at $38,000 after acquiring an additional 77 shares in the last quarter. Finally, Spire Wealth Management purchased a new position in IES in the 3rd quarter worth approximately $40,000. 86.60% of the stock is owned by institutional investors.

About IES

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.