IES Holdings, Inc. (NASDAQ:IESC) CEO Sells $3,188,556.93 in Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the business’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 approximately $2,820,492,093. This trade represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

IES Trading Down 1.6 %

Shares of IESC stock opened at $245.15 on Friday. IES Holdings, Inc. has a twelve month low of $76.26 and a twelve month high of $320.08. The stock has a fifty day simple moving average of $250.84 and a two-hundred day simple moving average of $190.27. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 24.79 and a beta of 1.45.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th.

Institutional Trading of IES

A number of hedge funds have recently added to or reduced their stakes in IESC. Price T Rowe Associates Inc. MD purchased a new position in IES during the 1st quarter valued at about $286,000. CWM LLC boosted its stake in shares of IES by 252.7% during the second quarter. CWM LLC now owns 582 shares of the technology company’s stock valued at $81,000 after purchasing an additional 417 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in IES by 12.5% during the second quarter. Assenagon Asset Management S.A. now owns 89,330 shares of the technology company’s stock valued at $12,446,000 after buying an additional 9,942 shares during the period. Petra Financial Advisors Inc. bought a new position in IES in the second quarter worth approximately $476,000. Finally, Hennessy Advisors Inc. bought a new position in IES in the second quarter worth approximately $9,558,000. 86.60% of the stock is owned by hedge funds and other 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.