Insider Selling: IES Holdings, Inc. (NASDAQ:IESC) CEO Sells 12,389 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total value of $3,188,556.93. Following the completion of the sale, the chief executive officer now owns 10,958,900 shares of the company’s stock, valued at $2,820,492,093. This trade represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

IES Stock Down 1.6 %

Shares of NASDAQ:IESC traded down $3.95 during midday trading on Friday, reaching $245.15. 97,846 shares of the company were exchanged, compared to its average volume of 138,757. The firm has a market cap of $4.90 billion, a PE ratio of 25.19 and a beta of 1.45. IES Holdings, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $320.08. The stock has a fifty day simple moving average of $250.08 and a two-hundred day simple moving average of $189.44.

Institutional Trading of IES

Several hedge funds and other institutional investors have recently modified their holdings of IESC. Summit Partners Public Asset Management LLC grew its stake in shares of IES by 165.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock worth $23,842,000 after acquiring an additional 74,438 shares in the last quarter. Franklin Resources Inc. boosted its holdings in IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after purchasing an additional 68,750 shares during the last quarter. Hennessy Advisors Inc. bought a new position in IES in the second quarter valued at $9,558,000. FMR LLC increased its stake in IES by 4.6% in the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock valued at $294,687,000 after buying an additional 65,145 shares during the last quarter. Finally, F M Investments LLC bought a new stake in IES during the 3rd quarter worth about $10,887,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised IES from a “hold” rating to a “buy” rating in a research note on Tuesday.

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.