IES Holdings, Inc. (NASDAQ:IESC) CEO Sells $7,575,917.69 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $158.29, for a total value of $7,575,917.69. Following the transaction, the chief executive officer now directly owns 11,036,984 shares in the company, valued at approximately $1,747,044,197.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IES Trading Down 0.5 %

Shares of IES stock traded down $0.86 during trading on Monday, hitting $160.25. 133,230 shares of the stock traded hands, compared to its average volume of 135,297. The stock’s fifty day simple moving average is $160.13 and its 200 day simple moving average is $143.20. The firm has a market cap of $3.20 billion, a P/E ratio of 24.17 and a beta of 1.38. IES Holdings, Inc. has a 52-week low of $59.75 and a 52-week high of $196.05.

IES (NASDAQ:IESC) last posted its earnings results on Friday, August 2nd. The technology company reported $2.67 EPS for the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%. The business had revenue of $768.40 million for the quarter.

Hedge Funds Weigh In On IES

Large investors have recently bought and sold shares of the business. Federated Hermes Inc. raised its stake in IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after buying an additional 194 shares in the last quarter. Quest Partners LLC grew its holdings in IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after purchasing an additional 86 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in IES in the second quarter worth $48,000. Sunbelt Securities Inc. purchased a new position in IES in the first quarter worth $48,000. Finally, CWM LLC grew its holdings in IES by 252.7% in the second quarter. CWM LLC now owns 582 shares of the technology company’s stock worth $81,000 after purchasing an additional 417 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.