Insider Selling: IES Holdings, Inc. (NASDAQ:IESC) Director Sells $1,872,600.00 in Stock

IES Holdings, Inc. (NASDAQ:IESC) Director David B. Gendell sold 10,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $187.26, for a total value of $1,872,600.00. Following the completion of the transaction, the director now owns 127,976 shares of the company’s stock, valued at approximately $23,964,785.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

IES Stock Performance

IES stock opened at $145.51 on Friday. The company has a 50 day moving average price of $158.37 and a 200 day moving average price of $140.59. IES Holdings, Inc. has a 52 week low of $59.75 and a 52 week high of $196.05. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 21.95 and a beta of 1.36.

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

Hedge Funds Weigh In On IES

Several institutional investors and hedge funds have recently bought and sold shares of IESC. Dimensional Fund Advisors LP boosted its holdings 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 worth $57,739,000 after purchasing an additional 7,680 shares during the period. Vanguard Group Inc. boosted its stake in shares of IES by 10.0% during the 1st quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock valued at $58,304,000 after buying an additional 43,634 shares during the period. Renaissance Technologies LLC boosted its stake in shares of IES by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company’s stock valued at $25,990,000 after buying an additional 5,100 shares during the period. Breach Inlet Capital Management LLC purchased a new position in shares of IES during the 4th quarter valued at $10,239,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of IES by 12.5% in the second quarter. Assenagon Asset Management S.A. now owns 89,330 shares of the technology company’s stock worth $12,446,000 after acquiring an additional 9,942 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

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

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.