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

StockNews.com lowered shares of IES (NASDAQ:IESC) from a buy rating to a hold rating in a report issued on Friday morning.

IES Stock Performance

NASDAQ:IESC opened at $181.89 on Friday. IES has a one year low of $100.83 and a one year high of $320.09. The stock has a market cap of $3.64 billion, a PE ratio of 16.94 and a beta of 1.57. The stock has a 50 day moving average price of $216.05 and a 200 day moving average price of $219.75.

IES (NASDAQ:IESC) last posted its earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

Insiders Place Their Bets

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the completion of the sale, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 56.76% of the stock is owned by insiders.

Institutional Investors Weigh In On IES

A number of institutional investors have recently modified their holdings of the company. J.Safra Asset Management Corp grew its stake in shares of IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after buying an additional 50 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of IES by 6.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company’s stock valued at $173,000 after buying an additional 53 shares in the last quarter. Moran Wealth Management LLC grew its stake in shares of IES by 1.8% in the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company’s stock valued at $683,000 after buying an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of IES by 21.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company’s stock valued at $111,000 after buying an additional 99 shares in the last quarter. Finally, Peterson Wealth Services grew its stake in shares of IES by 1.2% in the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock valued at $1,630,000 after buying an additional 100 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

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.