Key Points
- IES Holdings Chairman Jeffrey Et Al Gendell sold 46,720 shares on June 12 at an average price of $756.47, totaling about $35.34 million. After the sale, he still directly owned 10,406,559 shares.
- IES recently reported stronger-than-expected earnings, posting $4.16 EPS versus analyst expectations of $3.95, though revenue of $974.2 million fell short of the $1.01 billion estimate.
- Institutional ownership remains high, with 86.6% of shares held by institutions and hedge funds, while analyst sentiment is mixed-to-positive with an average rating of “Moderate Buy” and a $458 price target.
IES Holdings, Inc. (NASDAQ:IESC - Get Free Report) Director Todd Cleveland sold 5,000 shares of IES stock in a transaction on Friday, June 12th. The shares were sold at an average price of $761.89, for a total transaction of $3,809,450.00. Following the completion of the transaction, the director directly owned 60,874 shares of the company's stock, valued at $46,379,291.86. The trade was a 7.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
IES Stock Performance
IESC opened at $695.81 on Wednesday. IES Holdings, Inc. has a fifty-two week low of $265.00 and a fifty-two week high of $779.00. The company has a fifty day moving average of $637.97 and a two-hundred day moving average of $515.81. The stock has a market capitalization of $13.86 billion, a price-to-earnings ratio of 37.11 and a beta of 1.78.
IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Friday, May 1st. The technology company reported $4.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.95 by $0.21. IES had a net margin of 10.40% and a return on equity of 33.97%. The business had revenue of $974.20 million for the quarter, compared to analyst estimates of $1.01 billion.
Analyst Ratings Changes
Several brokerages have recently issued reports on IESC. Wall Street Zen lowered shares of IES from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 10th. Freedom Capital lowered shares of IES from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $458.00.
Read Our Latest Stock Report on IESC
Institutional Trading of IES
Several institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. grew its position in shares of IES by 62.5% in the first quarter. Optiver Holding B.V. now owns 52 shares of the technology company's stock valued at $25,000 after purchasing an additional 20 shares during the period. Blue Trust Inc. boosted its position in IES by 7.5% during the fourth quarter. Blue Trust Inc. now owns 400 shares of the technology company's stock worth $156,000 after acquiring an additional 28 shares during the last quarter. GAMMA Investing LLC boosted its position in IES by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 244 shares of the technology company's stock worth $95,000 after acquiring an additional 31 shares during the last quarter. Parallel Advisors LLC boosted its position in IES by 121.4% during the first quarter. Parallel Advisors LLC now owns 62 shares of the technology company's stock worth $30,000 after acquiring an additional 34 shares during the last quarter. Finally, KPP Advisory Services LLC boosted its position in IES by 5.3% during the first quarter. KPP Advisory Services LLC now owns 699 shares of the technology company's stock worth $333,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.
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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