IES Holdings, Inc. (NASDAQ:IESC) CEO Sells $1,576,972.76 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 5,764 shares of IES stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $273.59, for a total value of $1,576,972.76. Following the completion of the transaction, the chief executive officer now directly owns 10,917,554 shares of the company’s stock, valued at approximately $2,986,933,598.86. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

IES Price Performance

NASDAQ IESC opened at $261.89 on Monday. IES Holdings, Inc. has a 1-year low of $126.07 and a 1-year high of $320.09. The company has a market cap of $5.20 billion, a P/E ratio of 24.38 and a beta of 1.62. The stock has a 50-day moving average of $231.45 and a two-hundred day moving average of $220.46.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%. The business had revenue of $834.00 million during the quarter.

Hedge Funds Weigh In On IES

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. J.Safra Asset Management Corp grew its position in shares of IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after buying an additional 50 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of IES by 6.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company’s stock worth $173,000 after buying an additional 53 shares in the last quarter. Moran Wealth Management LLC grew its position in shares of IES by 1.8% during the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company’s stock worth $683,000 after buying an additional 61 shares in the last quarter. Boston Partners grew its position in shares of IES by 3.0% during the first quarter. Boston Partners now owns 2,870 shares of the technology company’s stock worth $474,000 after buying an additional 84 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its position in shares of IES by 7.6% during the first quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company’s stock worth $221,000 after buying an additional 95 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded IES from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.