IES (NASDAQ:IESC) Shares Gap Up - Here's Why

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $219.89, but opened at $233.18. IES shares last traded at $222.70, with a volume of 61,965 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of IES from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th.

IES Stock Down 4.8 %

The stock has a fifty day moving average price of $239.29 and a two-hundred day moving average price of $214.09. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 23.31 and a beta of 1.52.

IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a net margin of 7.00% and a return on equity of 35.69%.

Insider Activity

In other IES news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of IES stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the sale, the chief executive officer now owns 10,958,900 shares in the company, valued at $2,820,492,093. The trade was a 0.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mary K. Newman sold 2,500 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total transaction of $715,575.00. Following the transaction, the vice president now directly owns 18,286 shares of the company's stock, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock valued at $7,341,029 over the last 90 days. Insiders own 56.76% of the company's stock.

Institutional Investors Weigh In On IES

A number of institutional investors have recently bought and sold shares of IESC. J.Safra Asset Management Corp boosted its holdings in shares of IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock valued at $28,000 after purchasing an additional 50 shares during the last quarter. Moran Wealth Management LLC boosted its holdings in IES by 1.8% in the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock valued at $683,000 after acquiring an additional 61 shares during the last quarter. Andina Capital Management LLC grew its position in IES by 4.0% during the third quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company's stock valued at $498,000 after acquiring an additional 96 shares during the period. CWM LLC increased its stake in IES by 17.2% during the third quarter. CWM LLC now owns 682 shares of the technology company's stock worth $136,000 after acquiring an additional 100 shares during the last quarter. Finally, Peterson Wealth Services raised its holdings in shares of IES by 1.2% in the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock worth $1,630,000 after purchasing an additional 100 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.