IES (NASDAQ:IESC) Upgraded to Buy at StockNews.com

IES (NASDAQ:IESC - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.

IES Stock Performance

Shares of NASDAQ:IESC traded up $11.41 during midday trading on Thursday, reaching $226.94. 216,574 shares of the company's stock traded hands, compared to its average volume of 213,662. IES has a 1 year low of $81.89 and a 1 year high of $320.08. The company has a market cap of $4.54 billion, a P/E ratio of 22.95 and a beta of 1.52. The company has a fifty day simple moving average of $246.36 and a two-hundred day simple moving average of $211.45.

Insider Activity

In related news, CFO Tracy Mclauchlin sold 5,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 71,177 shares of the company's stock, valued at approximately $18,009,204.54. This represents a 6.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the 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 completion of the transaction, the chief executive officer now directly owns 10,957,184 shares of the company's stock, valued at approximately $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,359 shares of company stock worth $7,341,029 in the last quarter. Corporate insiders own 56.76% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Andina Capital Management LLC raised its stake in IES by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company's stock valued at $498,000 after purchasing an additional 96 shares during the last quarter. CWM LLC raised its stake in IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company's stock valued at $136,000 after purchasing an additional 100 shares during the last quarter. Peterson Wealth Services increased its stake in shares of IES by 1.2% in the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock worth $1,630,000 after acquiring an additional 100 shares during the last quarter. KBC Group NV raised its holdings in shares of IES by 52.5% during the 4th quarter. KBC Group NV now owns 401 shares of the technology company's stock worth $81,000 after acquiring an additional 138 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of IES by 1.4% during the 4th quarter. Rhumbline Advisers now owns 12,297 shares of the technology company's stock worth $2,471,000 after acquiring an additional 171 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

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.