IES (NASDAQ:IESC) Shares Down 4.6%

IES Holdings, Inc. (NASDAQ:IESC) traded down 4.6% on Wednesday . The company traded as low as $114.69 and last traded at $115.16. 29,957 shares traded hands during trading, a decline of 70% from the average session volume of 99,699 shares. The stock had previously closed at $120.67.

IES Trading Down 3.9 %

The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 21.94 and a beta of 1.34. The company has a fifty day moving average price of $110.75 and a 200-day moving average price of $86.49.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, February 2nd. The technology company reported $1.87 EPS for the quarter. IES had a net margin of 4.41% and a return on equity of 26.83%. The business had revenue of $634.40 million for the quarter.

Insiders Place Their Bets

In related news, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of IES stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $87.13, for a total value of $1,420,219.00. Following the completion of the transaction, the chief executive officer now owns 11,503,933 shares in the company, valued at approximately $1,002,337,682.29. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jeffrey L. Et Al Gendell sold 16,300 shares of IES stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $87.13, for a total value of $1,420,219.00. Following the sale, the chief executive officer now owns 11,503,933 shares of the company’s stock, valued at approximately $1,002,337,682.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 28,171 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $93.27, for a total transaction of $2,627,509.17. Following the transaction, the chief executive officer now owns 11,428,544 shares of the company’s stock, valued at $1,065,940,298.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,494 shares of company stock worth $11,986,437. Company insiders own 59.19% of the company’s stock.

Institutional Investors Weigh In On IES

Several large investors have recently bought and sold shares of IESC. Franklin Resources Inc. raised its stake in IES by 2.7% in the 4th quarter. Franklin Resources Inc. now owns 4,236 shares of the technology company’s stock valued at $336,000 after purchasing an additional 112 shares during the last quarter. Royal Bank of Canada raised its position in shares of IES by 20.8% in the second quarter. Royal Bank of Canada now owns 946 shares of the technology company’s stock valued at $54,000 after buying an additional 163 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of IES by 49.0% in the second quarter. Tower Research Capital LLC TRC now owns 547 shares of the technology company’s stock worth $31,000 after buying an additional 180 shares in the last quarter. Two Sigma Investments LP grew its stake in IES by 4.1% during the 1st quarter. Two Sigma Investments LP now owns 6,172 shares of the technology company’s stock valued at $266,000 after acquiring an additional 241 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in IES by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 11,915 shares of the technology company’s stock valued at $785,000 after acquiring an additional 345 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other 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.