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IES (NASDAQ:IESC) Stock Price Down 4.1% Following Insider Selling

IES logo with Computer and Technology background

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report)'s stock price traded down 4.1% during trading on Monday following insider selling activity. The company traded as low as $235.00 and last traded at $235.00. 57,752 shares traded hands during trading, a decline of 58% from the average session volume of 138,321 shares. The stock had previously closed at $245.15.

Specifically, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of IES stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 approximately $2,820,492,093. This trade represents a 0.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the transaction, the chief financial officer now owns 71,177 shares of the company's stock, valued at approximately $18,009,204.54. This represents a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on IESC

IES Stock Performance

The stock has a market capitalization of $4.45 billion, a PE ratio of 22.51 and a beta of 1.45. The firm's 50 day moving average is $251.06 and its two-hundred day moving average is $191.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted 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 worth $294,687,000 after acquiring an additional 65,145 shares during the last quarter. Royce & Associates LP lifted its position in shares of IES by 15.1% during the 3rd quarter. Royce & Associates LP now owns 294,808 shares of the technology company's stock worth $58,850,000 after purchasing an additional 38,783 shares during the last quarter. State Street Corp grew its stake in shares of IES by 3.2% during the third quarter. State Street Corp now owns 209,943 shares of the technology company's stock worth $41,909,000 after purchasing an additional 6,492 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of IES by 0.3% during the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company's stock worth $41,757,000 after purchasing an additional 623 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in IES by 2.8% in the second quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company's stock valued at $25,990,000 after buying an additional 5,100 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

About IES

(Get Free Report)

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.

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