IES (NASDAQ:IESC) Upgraded by StockNews.com to Buy Rating

IES (NASDAQ:IESC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

IES Stock Down 0.1 %

Shares of IES stock traded down $0.17 on Tuesday, reaching $252.18. The stock had a trading volume of 150,068 shares, compared to its average volume of 139,000. The stock has a market capitalization of $5.04 billion, a P/E ratio of 25.50 and a beta of 1.45. The company has a 50 day moving average price of $248.06 and a 200 day moving average price of $188.56. IES has a 1 year low of $76.26 and a 1 year high of $320.08.

Insider Activity

In related news, Director Todd M. Cleveland sold 10,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $153.57, for a total value of $1,535,700.00. Following the transaction, the director now directly owns 104,654 shares of the company’s stock, valued at $16,071,714.78. This represents a 8.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mary K. Newman sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the transaction, the vice president now owns 18,286 shares of the company’s stock, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,708 shares of company stock worth $17,863,422. Insiders own 59.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. FMR LLC boosted its position in IES by 4.6% in the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after buying an additional 65,145 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of IES by 15.1% in the 3rd quarter. Royce & Associates LP now owns 294,808 shares of the technology company’s stock valued at $58,850,000 after acquiring an additional 38,783 shares during the last quarter. State Street Corp raised its holdings in shares of IES by 3.2% during the third quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after purchasing an additional 6,492 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of IES by 0.3% during the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock worth $41,757,000 after purchasing an additional 623 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in IES by 2.8% during the second quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company’s stock valued at $25,990,000 after purchasing an additional 5,100 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Company Profile

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.