IES (NASDAQ:IESC) Stock Price Up 5.1% – What’s Next?

Shares of IES Holdings, Inc. (NASDAQ:IESC) rose 5.1% during mid-day trading on Thursday . The stock traded as high as $216.16 and last traded at $215.79. Approximately 14,350 shares traded hands during trading, a decline of 90% from the average daily volume of 140,874 shares. The stock had previously closed at $205.41.

Analyst Upgrades and Downgrades

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

IES Stock Performance

The firm’s 50-day moving average price is $251.05 and its two-hundred day moving average price is $191.55. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 21.52 and a beta of 1.45.

Insider Transactions at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of IES 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 directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Matthew J. Simmes sold 7,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $293.32, for a total transaction of $2,053,240.00. Following the sale, the chief operating officer now directly owns 115,341 shares in the company, valued at $33,831,822.12. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,359 shares of company stock worth $7,341,029. 59.19% of the stock is currently owned by company insiders.

Institutional Trading of IES

Hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its position in shares of IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after buying an additional 194 shares during the last quarter. Quest Partners LLC boosted 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 acquiring an additional 86 shares in the last quarter. Gladius Capital Management LP purchased a new position in shares of IES during the third quarter worth about $44,000. CWM LLC increased its position 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of IES in the 2nd quarter valued at about $170,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

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.