IES Holdings, Inc. (NASDAQ:IESC) CEO Sells $7,575,917.69 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $158.29, for a total transaction of $7,575,917.69. Following the completion of the transaction, the chief executive officer now directly owns 11,036,984 shares in the company, valued at $1,747,044,197.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

IES Trading Up 0.8 %

IESC opened at $165.55 on Thursday. The company’s 50 day moving average is $160.60 and its 200-day moving average is $143.55. IES Holdings, Inc. has a 1-year low of $59.75 and a 1-year high of $196.05. The company has a market cap of $3.35 billion, a P/E ratio of 24.97 and a beta of 1.38.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, August 2nd. The technology company reported $2.67 earnings per share for the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%. The company had revenue of $768.40 million for the quarter.

Institutional Investors Weigh In On IES

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in IES by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 728,832 shares of the technology company’s stock worth $57,739,000 after buying an additional 7,680 shares during the period. Vanguard Group Inc. boosted its position in IES by 10.0% during the 1st quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock worth $58,304,000 after buying an additional 43,634 shares during the period. Renaissance Technologies LLC boosted its position in IES by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company’s stock worth $25,990,000 after buying an additional 5,100 shares during the period. Breach Inlet Capital Management LLC acquired a new stake in IES during the 4th quarter worth approximately $10,239,000. Finally, Assenagon Asset Management S.A. boosted its position in IES by 12.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 89,330 shares of the technology company’s stock worth $12,446,000 after buying an additional 9,942 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of IES from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th.

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.