Insider Selling: IES Holdings, Inc. (NASDAQ:IESC) CFO Sells 5,000 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) CFO Tracy Mclauchlin sold 5,000 shares of IES stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the sale, the chief financial officer now owns 71,177 shares in the company, valued at $18,009,204.54. The trade was a 6.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

IES Stock Down 1.6 %

NASDAQ IESC opened at $245.15 on Friday. The company has a market cap of $4.90 billion, a PE ratio of 24.79 and a beta of 1.45. IES Holdings, Inc. has a 52 week low of $76.26 and a 52 week high of $320.08. The firm’s 50-day simple moving average is $250.84 and its two-hundred day simple moving average is $190.27.

Hedge Funds Weigh In On IES

Large investors have recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in shares of IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after buying an additional 194 shares in the last quarter. Quest Partners LLC raised its stake in IES by 41.0% in the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after purchasing an additional 86 shares in the last quarter. Gladius Capital Management LP purchased a new position in IES in the 3rd quarter worth approximately $44,000. CWM LLC increased its holdings in shares of IES by 252.7% in the 2nd quarter. CWM LLC now owns 582 shares of the technology company’s stock worth $81,000 after buying an additional 417 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of IES during the 2nd quarter valued at $170,000. 86.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.