IES (NASDAQ:IESC) Shares Up 7.4% – What’s Next?

IES Holdings, Inc. (NASDAQ:IESC)’s stock price rose 7.4% during trading on Wednesday . The company traded as high as $230.81 and last traded at $230.51. Approximately 173,150 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 216,834 shares. The stock had previously closed at $214.72.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a report on Thursday, January 30th.

IES Trading Down 4.8 %

The firm has a market cap of $4.61 billion, a PE ratio of 23.31 and a beta of 1.52. The business’s 50-day simple moving average is $237.70 and its 200 day simple moving average is $214.58.

IES (NASDAQ:IESC) last released its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share for the quarter. IES had a net margin of 7.00% and a return on equity of 35.69%.

Insider Activity at IES

In other news, COO Matthew J. Simmes sold 7,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total transaction of $2,053,240.00. Following the completion of the sale, the chief operating officer now owns 115,341 shares of the company’s stock, valued at $33,831,822.12. This represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the completion of the sale, the chief executive officer now directly owns 10,958,900 shares of the company’s stock, valued at $2,820,492,093. This represents a 0.11 % 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. Company insiders own 56.76% of the company’s stock.

Institutional Trading of IES

Several hedge funds have recently made changes to their positions in the business. J.Safra Asset Management Corp grew its position in shares of IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after acquiring an additional 50 shares during the last quarter. Smithfield Trust Co acquired a new position in shares of IES during the 4th quarter worth approximately $34,000. Gladius Capital Management LP acquired a new position in shares of IES during the 3rd quarter worth approximately $44,000. Jones Financial Companies Lllp purchased a new stake in IES in the 4th quarter worth approximately $74,000. Finally, KBC Group NV grew its stake in IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.