Key Points
- IES Holdings CFO Tracy Mclauchlin sold 3,000 shares on May 8 for about $1.99 million at an average price of $662.61 per share. After the sale, Mclauchlin still held 62,525 shares valued at roughly $41.4 million.
- IES stock was trading near its 52-week high, opening at $685.48, close to the $700.20 high and well above the $235.99 low. The company’s market cap was about $13.66 billion.
- The company beat EPS expectations in its latest quarter, reporting $4.16 per share versus the $3.95 consensus, though revenue came in below estimates at $974.2 million versus $1.01 billion expected.
IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) CFO Tracy Mclauchlin sold 3,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $662.61, for a total transaction of $1,987,830.00. Following the completion of the transaction, the chief financial officer directly owned 62,525 shares of the company's stock, valued at approximately $41,429,690.25. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
IES Trading Up 0.1%
Shares of IES stock opened at $685.48 on Wednesday. IES Holdings, Inc. has a 12-month low of $235.99 and a 12-month high of $700.20. The stock has a market cap of $13.66 billion, a PE ratio of 36.56 and a beta of 1.81. The company has a 50-day moving average of $522.24 and a two-hundred day moving average of $462.50.
IES (NASDAQ:IESC - Get Free Report) last issued its earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.95 by $0.21. IES had a net margin of 10.40% and a return on equity of 33.97%. The company had revenue of $974.20 million during the quarter, compared to analysts' expectations of $1.01 billion.
Institutional Trading of IES
Large investors have recently modified their holdings of the business. Parallel Advisors LLC grew its position in shares of IES by 121.4% in the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company's stock valued at $30,000 after purchasing an additional 34 shares during the last quarter. Global Retirement Partners LLC boosted its position in IES by 1,014.3% during the third quarter. Global Retirement Partners LLC now owns 78 shares of the technology company's stock worth $31,000 after acquiring an additional 71 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in 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 last quarter. International Assets Investment Management LLC acquired a new stake in IES during the fourth quarter worth approximately $38,000. Finally, Steward Partners Investment Advisory LLC boosted its position in IES by 366.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 98 shares of the technology company's stock worth $38,000 after acquiring an additional 77 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Loop Capital set a $458.00 price target on shares of IES in a research report on Tuesday, February 3rd. Wall Street Zen lowered shares of IES from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, Freedom Capital lowered shares of IES from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, IES currently has an average rating of "Moderate Buy" and an average price target of $458.00.
Read Our Latest Analysis on IESC
About IES
(
Get Free Report)
IES Holdings, Inc (NASDAQ: IESC) is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.
Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.
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