IES (NASDAQ:IESC) Shares Gap Down - What's Next?

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $222.65, but opened at $213.84. IES shares last traded at $217.10, with a volume of 36,722 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised IES from a "hold" rating to a "buy" rating in a research report on Tuesday, December 10th.

IES Trading Down 3.8 %

The business's fifty day moving average price is $251.07 and its 200 day moving average price is $191.45. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 21.65 and a beta of 1.45.

Insiders Place Their Bets

In other news, VP Mary K. Newman sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the sale, the vice president now owns 18,286 shares in the company, valued at $5,234,001.78. This represents a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of IES stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the completion of the transaction, the chief executive officer now owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. This trade represents a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,889 shares of company stock valued at $7,222,472. Insiders own 59.19% of the company's stock.

Hedge Funds Weigh In On IES

Large investors have recently bought and sold shares of the company. CWM LLC increased its stake in shares of IES by 252.7% during the second quarter. CWM LLC now owns 582 shares of the technology company's stock worth $81,000 after acquiring an additional 417 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of IES during the 2nd quarter worth approximately $9,558,000. Bank of New York Mellon Corp lifted its holdings in shares of IES by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 38,215 shares of the technology company's stock valued at $5,324,000 after buying an additional 3,178 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of IES in the second quarter valued at approximately $170,000. Finally, Principal Financial Group Inc. boosted its stake in shares of IES by 11.7% in the second quarter. Principal Financial Group Inc. now owns 4,633 shares of the technology company's stock valued at $646,000 after buying an additional 485 shares in the last quarter. Hedge funds and other 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.