Key Points
- Chairman Jeffrey Gendell sold 3,774 IES shares on December 5 at an average price of $420.24 for $1,585,985.76, but still directly owns 10,677,414 shares — a mere 0.04% reduction in his stake valued at about $4.49 billion.
- Company and market snapshot: IES stock opened at $428.62 (up 1.9%), with a market cap of $8.51 billion and a PE of 28.54; the company reported $3.77 EPS on $897.8 million in quarterly revenue, and analysts generally rate the shares as a "Buy"/"Strong-buy."
IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) Chairman Jeffrey Et Al Gendell sold 3,774 shares of the business's stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $420.24, for a total value of $1,585,985.76. Following the completion of the sale, the chairman directly owned 10,677,414 shares of the company's stock, valued at $4,487,076,459.36. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
IES Stock Up 1.9%
Shares of NASDAQ IESC opened at $428.62 on Friday. The business has a 50-day moving average price of $394.19 and a 200 day moving average price of $344.83. The stock has a market cap of $8.51 billion, a PE ratio of 28.54 and a beta of 1.75. IES Holdings, Inc. has a 52-week low of $146.51 and a 52-week high of $442.93.
IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings data on Friday, November 21st. The technology company reported $3.77 earnings per share for the quarter. The company had revenue of $897.80 million during the quarter. IES had a return on equity of 36.43% and a net margin of 8.99%.
Wall Street Analyst Weigh In
Several analysts recently commented on IESC shares. Weiss Ratings reiterated a "buy (b-)" rating on shares of IES in a research report on Monday. Wall Street Zen upgraded shares of IES from a "buy" rating to a "strong-buy" rating in a research note on Sunday, November 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy".
View Our Latest Analysis on IESC
Institutional Investors Weigh In On IES
Several hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new position in IES during the 2nd quarter worth $25,000. Global Retirement Partners LLC boosted its holdings in shares of IES by 1,014.3% in the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company's stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of IES by 841.7% during the second quarter. Nisa Investment Advisors LLC now owns 113 shares of the technology company's stock worth $33,000 after acquiring an additional 101 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of IES by 157.9% during the third quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company's stock worth $39,000 after acquiring an additional 60 shares during the period. Finally, Spire Wealth Management purchased a new position in IES during the third quarter worth about $40,000. 86.60% of the stock is 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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