IES Holdings, Inc. (NASDAQ:IESC) CEO Sells $3,188,556.93 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the transaction, the chief executive officer now owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. This represents a 0.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

IES Stock Down 1.6 %

IESC stock traded down $3.95 during midday trading on Friday, reaching $245.15. The company’s stock had a trading volume of 97,846 shares, compared to its average volume of 138,757. The business’s 50-day simple moving average is $250.08 and its 200-day simple moving average is $189.44. IES Holdings, Inc. has a 52 week low of $76.26 and a 52 week high of $320.08. The stock has a market cap of $4.90 billion, a PE ratio of 25.19 and a beta of 1.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a research report on Tuesday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its stake 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 period. Royce & Associates LP increased its stake 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 boosted its stake in IES by 3.2% during the 3rd quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after acquiring an additional 6,492 shares during the last quarter. Geode Capital Management LLC grew its holdings in IES by 0.3% during the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock valued at $41,757,000 after purchasing an additional 623 shares during the period. Finally, Renaissance Technologies LLC increased its stake in IES by 2.8% in 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 in the last quarter. 86.60% of the stock is currently owned by institutional investors.

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.