IES (NASDAQ:IESC) Upgraded at StockNews.com

StockNews.com upgraded shares of IES (NASDAQ:IESC) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

IES Trading Up 2.0 %

NASDAQ:IESC opened at $227.48 on Wednesday. The firm has a market cap of $4.55 billion, a PE ratio of 21.18 and a beta of 1.52. The stock has a fifty day moving average price of $231.29 and a 200 day moving average price of $217.33. IES has a 12-month low of $95.47 and a 12-month high of $320.08.

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

Insider Buying and Selling at IES

In other news, CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the sale, the chief financial officer now owns 71,177 shares in the company, valued at approximately $18,009,204.54. The trade was a 6.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mary K. Newman sold 2,500 shares of IES stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the sale, the vice president now owns 18,286 shares in the company, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,359 shares of company stock worth $7,341,029 over the last ninety days. Corporate insiders own 56.76% of the company’s stock.

Institutional Trading of IES

A number of hedge funds and other institutional investors have recently made changes to their positions in IESC. J.Safra Asset Management Corp increased its position in shares of IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Smithfield Trust Co acquired a new position in IES in the 4th quarter valued at about $34,000. Gladius Capital Management LP acquired a new position in IES in the 3rd quarter valued at about $44,000. National Bank of Canada FI acquired a new position in IES in the 4th quarter valued at about $54,000. Finally, Harbour Investments Inc. acquired a new position in IES in the 4th quarter valued at about $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.