IES (NASDAQ:IESC) Cut to “Buy” at StockNews.com

IES (NASDAQ:IESC) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

IES Stock Performance

Shares of IESC stock opened at $139.33 on Friday. IES has a fifty-two week low of $53.00 and a fifty-two week high of $184.38. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 21.02 and a beta of 1.36. The stock’s 50-day simple moving average is $145.98 and its 200-day simple moving average is $115.08.

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

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 25,000 shares of IES stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $133.18, for a total transaction of $3,329,500.00. Following the completion of the sale, the chief executive officer now owns 11,184,845 shares of the company’s stock, valued at $1,489,597,657.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Jeffrey L. Et Al Gendell sold 25,000 shares of IES stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $133.18, for a total transaction of $3,329,500.00. Following the completion of the sale, the chief executive officer now owns 11,184,845 shares of the company’s stock, valued at $1,489,597,657.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of IES stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $130.03, for a total value of $5,779,703.47. Following the sale, the chief executive officer now directly owns 11,233,970 shares of the company’s stock, valued at approximately $1,460,753,119.10. The disclosure for this sale can be found here. Insiders sold 133,757 shares of company stock valued at $18,360,416 over the last quarter. 59.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in IES by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 728,832 shares of the technology company’s stock valued at $57,739,000 after acquiring an additional 7,680 shares during the period. Vanguard Group Inc. lifted its holdings in IES by 10.0% in the first quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock valued at $58,304,000 after acquiring an additional 43,634 shares during the period. Breach Inlet Capital Management LLC acquired a new position in IES in the fourth quarter valued at approximately $10,239,000. Charles Schwab Investment Management Inc. lifted its holdings in IES by 12.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,243 shares of the technology company’s stock valued at $6,911,000 after acquiring an additional 9,463 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in IES by 302.1% in the first quarter. Assenagon Asset Management S.A. now owns 79,388 shares of the technology company’s stock valued at $9,657,000 after acquiring an additional 59,643 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

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.