IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) fell 5.6% on Monday . The stock traded as low as $218.42 and last traded at $217.59. 33,712 shares were traded during trading, a decline of 85% from the average session volume of 219,793 shares. The stock had previously closed at $230.49.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of IES from a "hold" rating to a "buy" rating in a research note on Wednesday.
Get Our Latest Analysis on IESC
IES Price Performance
The company has a 50-day simple moving average of $232.11 and a 200-day simple moving average of $216.72. The firm has a market cap of $4.46 billion, a PE ratio of 20.76 and a beta of 1.52.
IES (NASDAQ:IESC - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.
Insider Activity at IES
In related news, CFO Tracy Mclauchlin sold 5,000 shares of the 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 transaction, the chief financial officer now directly owns 71,177 shares of the company's stock, valued at $18,009,204.54. This trade represents a 6.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. This represents a 0.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,359 shares of company stock worth $7,341,029. Company insiders own 56.76% of the company's stock.
Institutional Investors Weigh In On IES
Several institutional investors and hedge funds have recently made changes to their positions in IESC. Vanguard Group Inc. increased its stake in shares of IES by 38.9% during the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock worth $151,389,000 after purchasing an additional 210,925 shares in the last quarter. Summit Partners Public Asset Management LLC raised its holdings in shares of IES by 165.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company's stock valued at $23,842,000 after acquiring an additional 74,438 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of IES by 140.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock valued at $25,221,000 after acquiring an additional 73,271 shares during the last quarter. Franklin Resources Inc. lifted its position 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 valued at $31,026,000 after acquiring an additional 68,750 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of 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. 86.60% of the stock is currently owned by institutional investors and hedge funds.
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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