Key Points
- IES Holdings Chairman Jeffrey Et Al Gendell sold 30,310 shares on May 27 at an average price of $705.93, totaling about $21.4 million. His ownership decreased by just 0.29% after the sale.
- IESC shares recently traded near their 52-week high, opening at $698.96 and reaching a high of $713.82, with a market cap of $13.92 billion. The stock has also risen well above its 50-day and 200-day moving averages.
- The company reported strong quarterly earnings of $4.16 per share, topping analyst estimates, though revenue of $974.2 million came in below expectations. Analysts currently hold a Moderate Buy consensus with an average target price of $458.00.
IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) Chairman Jeffrey Et Al Gendell sold 2,055 shares of the firm's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $702.28, for a total transaction of $1,443,185.40. Following the completion of the sale, the chairman owned 10,483,589 shares of the company's stock, valued at $7,362,414,882.92. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
IES Trading Up 0.7%
IESC stock opened at $698.96 on Friday. IES Holdings, Inc. has a 12 month low of $246.43 and a 12 month high of $713.82. The company has a 50-day moving average price of $574.40 and a 200 day moving average price of $485.29. The stock has a market cap of $13.92 billion, a PE ratio of 37.28 and a beta of 1.81.
IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $974.20 million during the quarter, compared to analysts' expectations of $1.01 billion. IES had a return on equity of 33.97% and a net margin of 10.40%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on IESC shares. Loop Capital set a $458.00 price objective on IES in a report on Tuesday, February 3rd. Freedom Capital lowered shares of IES from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 5th. Finally, Wall Street Zen lowered shares of IES from a "strong-buy" rating to a "buy" rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $458.00.
Get Our Latest Research Report on IESC
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of IESC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of IES by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,904 shares of the technology company's stock worth $810,000 after purchasing an additional 223 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in IES by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 22,787 shares of the technology company's stock worth $3,762,000 after acquiring an additional 1,435 shares during the period. Prudential Financial Inc. acquired a new stake in IES during the second quarter worth about $365,000. Quantbot Technologies LP acquired a new stake in IES during the second quarter worth about $89,000. Finally, Invesco Ltd. grew its holdings in IES by 43.7% during the second quarter. Invesco Ltd. now owns 91,567 shares of the technology company's stock worth $27,125,000 after acquiring an additional 27,849 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
IES Company Profile
(
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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