IES (NASDAQ:IESC) Trading Up 5.1% – What’s Next?

Shares of IES Holdings, Inc. (NASDAQ:IESC) rose 5.1% during mid-day trading on Thursday . The stock traded as high as $216.16 and last traded at $215.79. Approximately 14,350 shares traded hands during trading, a decline of 90% from the average daily volume of 140,874 shares. The stock had previously closed at $205.41.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th.

IES Trading Down 0.2 %

The firm’s 50 day moving average price is $251.10 and its two-hundred day moving average price is $191.70. The company has a market capitalization of $4.24 billion, a P/E ratio of 21.49 and a beta of 1.45.

Insider Transactions at IES

In other IES news, VP Mary K. Newman sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total transaction of $715,575.00. Following the sale, the vice president now directly owns 18,286 shares of the company’s stock, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of IES stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total transaction of $118,557.50. Following the completion of the transaction, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock worth $7,341,029 in the last three months. Insiders own 59.19% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IESC. Federated Hermes Inc. lifted its holdings in IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after purchasing an additional 194 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of IES by 41.0% during the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after buying an additional 86 shares during the period. Gladius Capital Management LP bought a new position in IES in the 3rd quarter valued at about $44,000. CWM LLC lifted its position in IES by 17.2% during the third quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in IES during the second quarter worth approximately $170,000. 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.