IES (NASDAQ:IESC) Trading 3.4% Higher

IES Holdings, Inc. (NASDAQ:IESC) rose 3.4% during trading on Friday . The stock traded as high as $142.74 and last traded at $142.23. Approximately 8,597 shares traded hands during trading, a decline of 93% from the average daily volume of 125,481 shares. The stock had previously closed at $137.49.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of IES from a “strong-buy” rating to a “buy” rating in a research report on Sunday.

IES Stock Performance

The company has a market capitalization of $2.82 billion, a P/E ratio of 21.02 and a beta of 1.36. The company’s fifty day simple moving average is $145.98 and its 200-day simple moving average is $115.08.

IES (NASDAQ:IESC) last released its quarterly earnings data on Friday, May 3rd. The technology company reported $2.29 earnings per share (EPS) for the quarter. The firm had revenue of $705.80 million for the quarter. IES had a net margin of 5.27% and a return on equity of 30.22%.

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of IES stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $130.03, for a total value of $5,779,703.47. Following the completion of the sale, the chief executive officer now directly owns 11,233,970 shares in the company, valued at approximately $1,460,753,119.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other IES news, CEO Jeffrey L. Et Al Gendell sold 32,496 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $136.06, for a total value of $4,421,405.76. Following the sale, the chief executive officer now owns 11,352,349 shares in the company, valued at approximately $1,544,600,604.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of IES stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $130.03, for a total transaction of $5,779,703.47. Following the transaction, the chief executive officer now directly owns 11,233,970 shares of the company’s stock, valued at $1,460,753,119.10. The disclosure for this sale can be found here. Insiders sold 133,757 shares of company stock valued at $18,360,416 in the last quarter. 59.19% of the stock is currently owned by corporate insiders.

Institutional Trading of IES

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IESC. Sunbelt Securities Inc. acquired a new position in shares of IES in the first quarter worth about $48,000. Acadian Asset Management LLC acquired a new position in IES in the 3rd quarter worth about $41,000. EntryPoint Capital LLC raised its holdings in IES by 217.0% in the 1st quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock worth $130,000 after purchasing an additional 729 shares during the period. Quest Partners LLC purchased a new position in IES during the fourth quarter worth approximately $134,000. Finally, Susquehanna Portfolio Strategies LLC acquired a new stake in IES in the first quarter valued at approximately $207,000. Institutional investors and hedge funds 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.