IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell Sells 37,347 Shares

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $160.20, for a total value of $5,982,989.40. Following the transaction, the chief executive officer now directly owns 10,934,845 shares in the company, valued at approximately $1,751,762,169. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

IES Stock Up 0.8 %

Shares of NASDAQ IESC opened at $165.55 on Thursday. The business’s 50 day moving average is $160.60 and its two-hundred day moving average is $143.55. The company has a market cap of $3.35 billion, a P/E ratio of 24.97 and a beta of 1.38. IES Holdings, Inc. has a 12 month low of $59.75 and a 12 month high of $196.05.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of IES

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of IES by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 728,832 shares of the technology company’s stock valued at $57,739,000 after purchasing an additional 7,680 shares during the period. Vanguard Group Inc. increased its position in shares of IES by 10.0% during the first quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock valued at $58,304,000 after purchasing an additional 43,634 shares during the period. Renaissance Technologies LLC increased its position in shares of IES by 2.8% during the second quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company’s stock valued at $25,990,000 after purchasing an additional 5,100 shares during the period. Breach Inlet Capital Management LLC bought a new stake in shares of IES during the fourth quarter valued at approximately $10,239,000. Finally, Assenagon Asset Management S.A. increased its position in shares of IES by 12.5% during the second quarter. Assenagon Asset Management S.A. now owns 89,330 shares of the technology company’s stock valued at $12,446,000 after purchasing an additional 9,942 shares during the period. 86.60% of the stock is currently owned by institutional investors.

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.