IES (NASDAQ:IESC) Shares Gap Down to $133.45

IES Holdings, Inc. (NASDAQ:IESC)’s share price gapped down before the market opened on Monday . The stock had previously closed at $133.45, but opened at $129.60. IES shares last traded at $132.00, with a volume of 9,685 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded IES from a “strong-buy” rating to a “buy” rating in a report on Friday, June 14th.

IES Stock Performance

The firm’s fifty day moving average price is $143.34 and its 200 day moving average price is $111.59. The firm has a market cap of $2.76 billion, a P/E ratio of 20.56 and a beta of 1.36.

IES (NASDAQ:IESC) last issued its quarterly earnings data on Friday, May 3rd. The technology company reported $2.29 EPS for the quarter. The company had revenue of $705.80 million during the quarter. IES had a net margin of 5.27% and a return on equity of 30.22%.

Insider Buying and Selling

In other IES news, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of IES stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $160.50, for a total value of $521,785.50. Following the transaction, the chief executive officer now owns 11,406,594 shares in the company, valued at $1,830,758,337. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other IES news, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of IES stock in a transaction on Monday, June 10th. The shares were sold at an average price of $130.03, for a total value of $5,779,703.47. Following the transaction, the chief executive officer now directly owns 11,233,970 shares of the company’s stock, valued at $1,460,753,119.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $160.50, for a total value of $521,785.50. Following the sale, the chief executive officer now owns 11,406,594 shares of the company’s stock, valued at approximately $1,830,758,337. The disclosure for this sale can be found here. Insiders sold 133,757 shares of company stock worth $18,360,416 in the last three months. 59.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. purchased a new stake in IES in the first quarter valued at about $48,000. Acadian Asset Management LLC acquired a new stake in IES in the 3rd quarter worth approximately $41,000. EntryPoint Capital LLC grew its position in IES by 217.0% during the 1st quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock worth $130,000 after purchasing an additional 729 shares during the last quarter. Quest Partners LLC acquired a new position in IES during the 4th quarter valued at approximately $134,000. Finally, Susquehanna Portfolio Strategies LLC acquired a new stake in shares of IES during the first quarter worth $207,000. 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.