IES (NASDAQ:IESC) Stock Price Down 6% - Time to Sell?

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report)'s share price dropped 6% on Tuesday . The company traded as low as $225.88 and last traded at $227.30. Approximately 35,441 shares were traded during trading, a decline of 69% from the average daily volume of 115,145 shares. The stock had previously closed at $241.89.

Analyst Upgrades and Downgrades

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

IES Trading Down 6.8 %

The company has a market cap of $4.50 billion, a P/E ratio of 22.79 and a beta of 1.52. The company has a 50 day moving average price of $249.56 and a 200-day moving average price of $199.16.

Insider Buying and Selling at IES

In other news, COO Matthew J. Simmes sold 7,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total transaction of $2,053,240.00. Following the completion of the transaction, the chief operating officer now directly owns 115,341 shares in the company, valued at approximately $33,831,822.12. This represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the firm's stock in a transaction on 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 directly owns 10,957,184 shares in the company, valued at approximately $2,763,949,664. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,359 shares of company stock worth $7,341,029 over the last 90 days. Insiders own 59.19% of the company's stock.

Institutional Trading of IES

Several hedge funds and other institutional investors have recently made changes to their positions in IESC. Summit Partners Public Asset Management LLC grew its position in shares of IES by 165.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company's stock valued at $23,842,000 after buying an additional 74,438 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of IES by 79.3% in the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock worth $31,026,000 after acquiring an additional 68,750 shares during the period. FMR LLC boosted its holdings 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 last quarter. F M Investments LLC acquired a new stake in IES during the 3rd quarter valued at approximately $10,887,000. Finally, Thrivent Financial for Lutherans bought a new position in IES during the 3rd quarter worth approximately $10,426,000. 86.60% of the stock is currently owned by institutional investors.

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.