IES (NASDAQ:IESC) Shares Down 6.2% - Should You Sell?

Shares of IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) dropped 6.2% during mid-day trading on Wednesday . The stock traded as low as $213.57 and last traded at $211.75. Approximately 39,317 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 223,223 shares. The stock had previously closed at $225.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised IES from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th.

IES Trading Down 2.8 %

The company has a fifty day moving average price of $227.25 and a two-hundred day moving average price of $219.48. The firm has a market cap of $3.87 billion, a P/E ratio of 18.00 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 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the stock in a transaction dated Wednesday, December 11th. The stock was 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $253.02, for a total value of $1,265,100.00. Following the completion of the sale, the chief financial officer now owns 71,177 shares in the company, valued at $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 ninety days, insiders have sold 27,359 shares of company stock valued at $7,341,029. 56.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp lifted its position in IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after buying an additional 50 shares in the last quarter. Smithfield Trust Co acquired a new stake in shares of IES in the fourth quarter valued at about $34,000. Gladius Capital Management LP bought a new stake in IES during the third quarter worth about $44,000. National Bank of Canada FI bought a new stake in IES during the fourth quarter worth about $54,000. Finally, Harbour Investments Inc. acquired a new position in IES during the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 86.60% of the company's stock.

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.