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

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

IES Price Performance

Shares of IES stock opened at $215.53 on Thursday. IES has a 1 year low of $81.89 and a 1 year high of $320.08. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 21.79 and a beta of 1.52. The business has a fifty day simple moving average of $246.36 and a two-hundred day simple moving average of $211.45.

Insider Transactions at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the sale, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the completion of the sale, the chief financial officer now owns 71,177 shares of the company’s stock, valued at approximately $18,009,204.54. The trade was a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock worth $7,341,029 over the last quarter. Company insiders own 56.76% of the company’s stock.

Institutional Investors Weigh In On IES

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gladius Capital Management LP acquired a new stake in IES in the third quarter valued at approximately $44,000. KBC Group NV lifted its stake in shares of IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after acquiring an additional 138 shares during the last quarter. City State Bank acquired a new stake in shares of IES during the 4th quarter valued at $106,000. CWM LLC grew its position in IES by 17.2% during the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in IES by 159.5% in the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock worth $153,000 after purchasing an additional 472 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

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.