IES (NASDAQ:IESC) Rating Lowered to Hold at StockNews.com

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

IES Price Performance

IESC opened at $181.89 on Friday. IES has a 12 month low of $101.31 and a 12 month high of $320.09. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 16.94 and a beta of 1.57. The business has a fifty day moving average price of $216.05 and a 200 day moving average price of $220.02.

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

Insider Transactions at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the sale, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 56.76% of the company’s stock.

Institutional Trading of IES

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp raised its stake in shares of IES by 56.8% during the 4th quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after buying an additional 50 shares in the last quarter. Smithfield Trust Co purchased a new position in shares of IES during the 4th quarter worth approximately $34,000. Gladius Capital Management LP purchased a new position in shares of IES during the 3rd quarter worth approximately $44,000. National Bank of Canada FI purchased a new position in shares of IES during the 4th quarter worth approximately $54,000. Finally, Harbour Investments Inc. purchased a new position in shares of IES during the 4th quarter worth approximately $71,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

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.