IES (NASDAQ:IESC) Shares Up 5.1% - What's Next?

IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) shot up 5.1% on Thursday . The stock traded as high as $216.16 and last traded at $215.79. 14,350 shares were traded during mid-day trading, a decline of 90% from the average session volume of 140,874 shares. The stock had previously closed at $205.41.

Wall Street Analyst Weigh In

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

IES Stock Up 3.7 %

The stock has a market cap of $4.25 billion, a P/E ratio of 21.54 and a beta of 1.45. The company's 50 day moving average price is $251.10 and its two-hundred day moving average price is $191.70.

Insider Buying and Selling at IES

In other news, COO Matthew J. Simmes sold 7,000 shares of IES stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $293.32, for a total value of $2,053,240.00. Following the transaction, the chief operating officer now directly owns 115,341 shares in the company, valued at approximately $33,831,822.12. This trade represents a 5.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Mary K. Newman sold 2,500 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the sale, the vice president now owns 18,286 shares of the company's stock, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their ownership of the stock. 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 in the last ninety days. Corporate insiders own 59.19% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quest Partners LLC grew its holdings in IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company's stock worth $41,000 after purchasing an additional 86 shares during the last quarter. Andina Capital Management LLC grew its stake in IES by 4.0% during the 3rd quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company's stock worth $498,000 after buying an additional 96 shares during the last quarter. CWM LLC increased its position in IES by 17.2% during the 3rd quarter. CWM LLC now owns 682 shares of the technology company's stock valued at $136,000 after buying an additional 100 shares in the last quarter. Cetera Investment Advisers raised its stake in IES by 2.2% in the second quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company's stock valued at $1,211,000 after buying an additional 190 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company's stock worth $37,000 after acquiring an additional 194 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.