Separately, TheStreet raised shares of IES from a c rating to a b rating in a research note on Tuesday, February 19th.
Shares of IES stock traded up $0.18 on Wednesday, hitting $18.59. 241 shares of the company traded hands, compared to its average volume of 19,826. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.62. IES has a 52 week low of $14.61 and a 52 week high of $20.25. The company has a market capitalization of $398.51 million, a PE ratio of 10.85 and a beta of 0.67.
In related news, CEO Gary S. Matthews purchased 2,706 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $18.34 per share, with a total value of $49,628.04. Following the completion of the purchase, the chief executive officer now owns 260,000 shares of the company’s stock, valued at approximately $4,768,400. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought 4,112 shares of company stock valued at $75,012 in the last ninety days. Insiders own 60.80% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in IES by 2.4% in the fourth quarter. BlackRock Inc. now owns 425,627 shares of the technology company’s stock worth $6,618,000 after buying an additional 10,080 shares in the last quarter. Vanguard Group Inc raised its stake in IES by 0.3% in the third quarter. Vanguard Group Inc now owns 369,315 shares of the technology company’s stock worth $7,202,000 after buying an additional 1,116 shares in the last quarter. AltraVue Capital LLC raised its stake in IES by 0.5% in the first quarter. AltraVue Capital LLC now owns 301,606 shares of the technology company’s stock worth $5,359,000 after buying an additional 1,390 shares in the last quarter. Renaissance Technologies LLC raised its stake in IES by 15.3% in the first quarter. Renaissance Technologies LLC now owns 253,618 shares of the technology company’s stock worth $4,507,000 after buying an additional 33,686 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in IES by 5.8% in the third quarter. Bank of New York Mellon Corp now owns 114,876 shares of the technology company’s stock worth $2,240,000 after buying an additional 6,255 shares in the last quarter. 78.27% of the stock is owned by institutional investors.
IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.
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