IES (NASDAQ:IESC) Rating Increased to Buy at StockNews.com

IES (NASDAQ:IESC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

IES Stock Performance

IESC opened at $217.90 on Wednesday. IES has a fifty-two week low of $90.40 and a fifty-two week high of $320.08. The company has a market capitalization of $4.36 billion, a P/E ratio of 20.29 and a beta of 1.52. The stock has a fifty day moving average of $234.79 and a 200-day moving average of $216.68.

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

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the transaction, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Matthew J. Simmes sold 7,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $293.32, for a total value of $2,053,240.00. Following the transaction, the chief operating officer now directly owns 115,341 shares of the company’s stock, valued at approximately $33,831,822.12. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock valued at $7,341,029 over the last quarter. 56.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IESC. Cetera Investment Advisers raised its stake in IES by 2.2% during the second quarter. Cetera Investment Advisers now owns 8,690 shares of the technology company’s stock worth $1,211,000 after acquiring an additional 190 shares in the last quarter. CWM LLC grew its holdings in shares of IES by 17.2% during the third quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after purchasing an additional 100 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of IES by 6.3% during the third quarter. Ritholtz Wealth Management now owns 3,337 shares of the technology company’s stock worth $666,000 after purchasing an additional 197 shares during the last quarter. Creative Planning bought a new stake in shares of IES during the third quarter worth about $329,000. Finally, Optimum Investment Advisors bought a new stake in shares of IES during the third quarter worth about $599,000. 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.