IES (IESC) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of IES (NASDAQ:IESC) from a sell rating to a hold rating in a research note published on Wednesday, BidAskClub reports.

Separately, TheStreet upgraded shares of IES from a c rating to a b rating in a research report on Tuesday, February 19th.

NASDAQ:IESC opened at $18.47 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.09. The firm has a market cap of $394.67 million, a price-to-earnings ratio of 11.56 and a beta of 0.67. IES has a fifty-two week low of $14.61 and a fifty-two week high of $20.25.



IES (NASDAQ:IESC) last posted its quarterly earnings data on Monday, May 6th. The technology company reported $0.38 earnings per share for the quarter. The company had revenue of $256.90 million during the quarter. IES had a net margin of 2.63% and a return on equity of 15.92%.

In other IES news, CEO Gary S. Matthews bought 2,706 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $18.34 per share, with a total value of $49,628.04. Following the completion of the acquisition, the chief executive officer now directly owns 260,000 shares of the company’s stock, valued at $4,768,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired 4,112 shares of company stock valued at $75,012 over the last 90 days. 61.70% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of IES by 2.4% during 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 grew its holdings in shares of IES by 0.3% during 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 grew its holdings in shares of IES by 0.5% during 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 grew its holdings in shares of IES by 15.3% during 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 grew its holdings in shares of IES by 5.8% during 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. 78.65% of the stock is owned by institutional investors and hedge funds.

IES Company Profile

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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