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

IES (NASDAQ:IESC) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

IES Trading Down 4.0 %

IESC opened at $303.74 on Wednesday. The stock has a market capitalization of $6.08 billion, a PE ratio of 30.71 and a beta of 1.52. IES has a 1-year low of $80.86 and a 1-year high of $320.08. The firm has a 50-day moving average price of $249.26 and a two-hundred day moving average price of $208.65.

Insider Buying and Selling at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total value of $3,188,556.93. Following the transaction, the chief executive officer now owns 10,958,900 shares of the company’s stock, valued at approximately $2,820,492,093. This trade represents a 0.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the completion of the transaction, the chief financial officer now directly owns 71,177 shares in the company, valued at $18,009,204.54. This trade represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,359 shares of company stock worth $7,341,029. 56.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IESC. Federated Hermes Inc. boosted its stake in shares of IES by 258.7% in the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after purchasing an additional 194 shares during the last quarter. Gladius Capital Management LP bought a new position in IES during the 3rd quarter worth approximately $44,000. KBC Group NV boosted its stake in 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 last quarter. City State Bank bought a new position in IES during the 4th quarter worth approximately $106,000. Finally, CWM LLC boosted its stake in IES by 17.2% during the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares during the last quarter. 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.