IES (NASDAQ:IESC) Downgraded by StockNews.com to Hold

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

IES Stock Down 0.0 %

Shares of NASDAQ IESC opened at $179.29 on Friday. The business’s 50 day moving average is $217.53 and its two-hundred day moving average is $220.06. The company has a market cap of $3.59 billion, a P/E ratio of 16.69 and a beta of 1.57. IES has a 12 month low of $100.60 and a 12 month high of $320.09.

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

Insider Activity

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 56.76% of the stock is currently owned by company insiders.

Institutional Trading of IES

Several institutional investors have recently bought and sold shares of IESC. J.Safra Asset Management Corp boosted its stake 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 position in IES in the fourth quarter worth $34,000. Gladius Capital Management LP acquired a new position in IES in the third quarter worth $44,000. National Bank of Canada FI acquired a new position in IES in the fourth quarter worth $54,000. Finally, Harbour Investments Inc. acquired a new position in IES in the fourth quarter worth $71,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.