IES (NASDAQ:IESC) Trading 3% Higher

IES Holdings, Inc. (NASDAQ:IESC) shares rose 3% during mid-day trading on Tuesday . The stock traded as high as $150.56 and last traded at $149.35. Approximately 6,726 shares traded hands during trading, a decline of 95% from the average daily volume of 134,047 shares. The stock had previously closed at $144.99.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered IES from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 7th.

IES Trading Up 1.0 %

The company has a 50 day moving average price of $158.56 and a 200 day moving average price of $141.45. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 21.87 and a beta of 1.38.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, August 2nd. The technology company reported $2.67 EPS for the quarter. The business had revenue of $768.40 million for the quarter. IES had a return on equity of 34.38% and a net margin of 6.30%.

Insider Buying and Selling at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total transaction of $8,152,242.38. Following the sale, the chief executive officer now owns 11,134,087 shares in the company, valued at approximately $1,788,245,713.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Jeffrey L. Et Al Gendell sold 25,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $133.18, for a total value of $3,329,500.00. Following the completion of the sale, the chief executive officer now owns 11,184,845 shares in the company, valued at $1,489,597,657.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $160.61, for a total value of $8,152,242.38. Following the completion of the sale, the chief executive officer now directly owns 11,134,087 shares of the company’s stock, valued at $1,788,245,713.07. The disclosure for this sale can be found here. Insiders have sold 90,758 shares of company stock worth $14,237,992 over the last 90 days. Company insiders own 59.19% of the company’s stock.

Institutional Trading of IES

A number of hedge funds have recently made changes to their positions in IESC. Federated Hermes Inc. boosted its holdings in shares of IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after buying an additional 194 shares in the last quarter. Quest Partners LLC lifted its stake in shares of IES by 41.0% during the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after acquiring an additional 86 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in IES in the first quarter worth about $48,000. Contravisory Investment Management Inc. purchased a new position in shares of IES in the 2nd quarter valued at $48,000. Finally, CWM LLC boosted its stake in IES by 252.7% in the second quarter. CWM LLC now owns 582 shares of the technology company’s stock valued at $81,000 after acquiring an additional 417 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

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.