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

StockNews.com cut shares of IES (NASDAQ:IESC) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday morning.

IES Trading Down 0.1 %

IES stock opened at $135.63 on Friday. The company has a market capitalization of $2.75 billion, a PE ratio of 20.46 and a beta of 1.36. IES has a 12 month low of $53.00 and a 12 month high of $184.38. The stock has a 50-day moving average price of $146.50 and a two-hundred day moving average price of $116.01.

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

Insider Transactions at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $160.50, for a total transaction of $521,785.50. Following the completion of the transaction, the chief executive officer now directly owns 11,406,594 shares in the company, valued at $1,830,758,337. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Jeffrey L. Et Al Gendell sold 3,251 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $160.50, for a total transaction of $521,785.50. Following the completion of the transaction, the chief executive officer now directly owns 11,406,594 shares in the company, valued at $1,830,758,337. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Matthew J. Simmes sold 14,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $170.52, for a total value of $2,387,280.00. Following the transaction, the chief operating officer now owns 73,110 shares of the company’s stock, valued at $12,466,717.20. The disclosure for this sale can be found here. Insiders sold 133,757 shares of company stock worth $18,360,416 over the last ninety days. 59.19% of the stock is owned by insiders.

Hedge Funds Weigh In On IES

A number of hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in IES in the third quarter worth approximately $41,000. Sunbelt Securities Inc. bought a new stake in IES in the first quarter worth approximately $48,000. EntryPoint Capital LLC increased its holdings in IES by 217.0% in the first quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock worth $130,000 after purchasing an additional 729 shares in the last quarter. Quest Partners LLC bought a new stake in IES in the fourth quarter worth approximately $134,000. Finally, Susquehanna Portfolio Strategies LLC bought a new stake in IES in the first quarter worth approximately $207,000. 86.60% of the stock is currently owned by institutional investors.

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.