IES (NASDAQ:IESC) Downgraded to Hold Rating by StockNews.com

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

IES Stock Up 14.5 %

Shares of IESC traded up $39.94 during mid-day trading on Wednesday, hitting $316.26. The company had a trading volume of 307,764 shares, compared to its average volume of 169,343. IES has a 1-year low of $80.86 and a 1-year high of $320.08. The business’s 50-day simple moving average is $248.49 and its 200-day simple moving average is $207.99. The stock has a market cap of $6.33 billion, a PE ratio of 31.98 and a beta of 1.52.

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction on 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 in the company, valued at approximately $2,763,949,664. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the transaction, the vice president now owns 18,286 shares in the company, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,359 shares of company stock worth $7,341,029 in the last three months. 56.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On IES

A number of large investors have recently modified their holdings of IESC. Federated Hermes Inc. boosted its holdings in IES by 258.7% in the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after acquiring an additional 194 shares during the period. Gladius Capital Management LP acquired a new position in shares of IES during the third quarter worth $44,000. KBC Group NV boosted its stake in shares of IES by 52.5% in the fourth quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after purchasing an additional 138 shares during the period. City State Bank acquired a new stake in IES during the 4th quarter valued at $106,000. Finally, CWM LLC increased its stake in IES by 17.2% during the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.