Insider Selling: IES Holdings, Inc. (NASDAQ:IESC) CEO Sells $118,557.50 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the sale, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

IES Stock Down 0.2 %

Shares of IESC stock opened at $212.50 on Friday. The business has a fifty day simple moving average of $251.10 and a 200 day simple moving average of $191.70. The company has a market cap of $4.24 billion, a P/E ratio of 21.49 and a beta of 1.45. IES Holdings, Inc. has a twelve month low of $76.26 and a twelve month high of $320.08.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a research note on Tuesday, December 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. increased its position in IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after purchasing an additional 194 shares in the last quarter. Quest Partners LLC grew its stake in shares of IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after buying an additional 86 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of IES during the third quarter worth $44,000. CWM LLC lifted its stake in shares of IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock valued at $136,000 after acquiring an additional 100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of IES during the 2nd quarter valued at $170,000. Institutional investors own 86.60% of the company’s stock.

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.