StockNews.com Downgrades IES (NASDAQ:IESC) to Hold

IES (NASDAQ:IESC) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

IES Price Performance

Shares of IESC opened at $164.94 on Wednesday. The business has a 50-day moving average of $221.32 and a 200-day moving average of $220.36. IES has a 1 year low of $100.60 and a 1 year high of $320.09. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 15.36 and a beta of 1.52.

IES (NASDAQ:IESC) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Insider Buying and Selling at IES

In related news, CFO Tracy Mclauchlin sold 5,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 71,177 shares in the company, valued at $18,009,204.54. The trade was a 6.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the transaction, the chief executive officer now directly owns 10,958,900 shares in the company, valued at approximately $2,820,492,093. This represents a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,859 shares of company stock valued at $4,572,214. 56.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On IES

Institutional investors have recently made changes to their positions in the stock. J.Safra Asset Management Corp increased its position in IES by 56.8% in the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after buying an additional 50 shares in the last quarter. Smithfield Trust Co acquired a new stake in IES in the fourth quarter valued at approximately $34,000. Gladius Capital Management LP bought a new stake in shares of IES during the third quarter valued at approximately $44,000. National Bank of Canada FI acquired a new position in shares of IES during the fourth quarter worth approximately $54,000. Finally, Harbour Investments Inc. bought a new position in shares of IES in the 4th quarter worth $71,000. 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.