IES (NASDAQ:IESC) Upgraded at StockNews.com

IES (NASDAQ:IESC) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

IES Stock Down 1.3 %

Shares of IESC opened at $132.22 on Friday. IES has a 52-week low of $51.99 and a 52-week high of $184.38. The company has a 50-day simple moving average of $144.16 and a 200-day simple moving average of $113.37. The company has a market capitalization of $2.68 billion, a PE ratio of 19.94 and a beta of 1.36.

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

Insider Buying and Selling

In other IES news, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $160.50, for a total value of $521,785.50. Following the sale, the chief executive officer now owns 11,406,594 shares of the company’s stock, valued at $1,830,758,337. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other IES news, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of IES stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $160.50, for a total transaction of $521,785.50. Following the completion of the transaction, the chief executive officer now owns 11,406,594 shares in the company, valued at $1,830,758,337. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Matthew J. Simmes sold 14,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $170.52, for a total transaction of $2,387,280.00. Following the completion of the sale, the chief operating officer now owns 73,110 shares in the company, valued at $12,466,717.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,757 shares of company stock valued at $18,360,416. 59.19% of the stock is owned by insiders.

Hedge Funds Weigh In On IES

Hedge funds have recently bought and sold shares of the stock. Breach Inlet Capital Management LLC acquired a new stake in shares of IES during the fourth quarter valued at $10,239,000. Charles Schwab Investment Management Inc. lifted its holdings in IES by 12.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,243 shares of the technology company’s stock valued at $6,911,000 after purchasing an additional 9,463 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of IES by 163.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,745 shares of the technology company’s stock worth $1,564,000 after purchasing an additional 12,242 shares during the last quarter. FMR LLC grew its holdings in shares of IES by 12.4% during the third quarter. FMR LLC now owns 1,106,623 shares of the technology company’s stock worth $72,893,000 after buying an additional 121,978 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of IES by 1.5% during the third quarter. Vanguard Group Inc. now owns 436,085 shares of the technology company’s stock worth $28,725,000 after buying an additional 6,517 shares in the last quarter. Hedge funds and other institutional investors 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.