IES (NASDAQ:IESC) Rating Lowered to Hold at StockNews.com

IES (NASDAQ:IESC - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Wednesday.

IES Trading Up 2.0 %

IESC traded up $3.31 during trading on Wednesday, hitting $168.25. The stock had a trading volume of 152,955 shares, compared to its average volume of 168,308. The firm has a market cap of $3.37 billion, a PE ratio of 15.67 and a beta of 1.57. IES has a 12 month low of $100.60 and a 12 month high of $320.09. The company has a 50 day simple moving average of $219.42 and a 200-day simple moving average of $220.28.

IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the sale, the chief executive officer now owns 10,957,184 shares of the company's stock, valued at $2,763,949,664. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the completion of the sale, the chief financial officer now directly owns 71,177 shares in the company, valued at approximately $18,009,204.54. The trade was a 6.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,859 shares of company stock worth $4,572,214. 56.76% of the stock is currently owned by company insiders.

Remove Ads

Institutional Trading of IES

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IESC. Vanguard Group Inc. increased its stake in IES by 38.9% in the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock valued at $151,389,000 after acquiring an additional 210,925 shares during the period. Summit Partners Public Asset Management LLC increased its stake in IES by 165.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company's stock valued at $23,842,000 after acquiring an additional 74,438 shares during the period. Thrivent Financial for Lutherans increased its stake in IES by 140.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock valued at $25,221,000 after acquiring an additional 73,271 shares during the period. Franklin Resources Inc. increased its stake in IES by 79.3% in the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock valued at $31,026,000 after acquiring an additional 68,750 shares during the period. Finally, FMR LLC increased its stake in IES by 4.6% in the third quarter. FMR LLC now owns 1,476,238 shares of the technology company's stock valued at $294,687,000 after acquiring an additional 65,145 shares during the period. Institutional investors own 86.60% of the company's stock.

IES Company Profile

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.