IES (NASDAQ:IESC) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of IES (NASDAQ:IESC) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

IES Price Performance

IES stock opened at $172.61 on Wednesday. The stock’s 50 day moving average price is $221.32 and its 200 day moving average price is $220.36. IES has a 1-year low of $100.60 and a 1-year high of $320.09. The company has a market cap of $3.45 billion, a PE ratio of 16.07 and a beta of 1.52.

IES (NASDAQ:IESC) last issued 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 Buying and Selling at IES

In related news, CFO Tracy Mclauchlin sold 5,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 71,177 shares in the company, valued at $18,009,204.54. The trade was a 6.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total transaction of $118,557.50. Following the transaction, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,859 shares of company stock valued at $4,572,214. Corporate insiders own 56.76% of the company’s stock.

Institutional Trading of IES

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning purchased a new position in shares of IES during the 3rd quarter worth approximately $329,000. Asset Management One Co. Ltd. purchased a new position in IES during the third quarter worth $3,116,000. Principal Financial Group Inc. raised its holdings in shares of IES by 56.9% in the third quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock worth $1,451,000 after acquiring an additional 2,636 shares during the last quarter. Covestor Ltd lifted its position in shares of IES by 10,290.9% in the third quarter. Covestor Ltd now owns 1,143 shares of the technology company’s stock valued at $228,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of IES during the third quarter valued at $755,000. Hedge funds and other institutional investors 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.