Tracy Mclauchlin Sells 5,000 Shares of IES Holdings, Inc. (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC – Get Rating) CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $50.19, for a total transaction of $250,950.00. Following the transaction, the chief financial officer now directly owns 71,990 shares of the company’s stock, valued at $3,613,178.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Tracy Mclauchlin also recently made the following trade(s):

• On Monday, May 15th, Tracy Mclauchlin sold 10,000 shares of IES stock. The shares were sold at an average price of $47.82, for a total value of $478,200.00.

IES Stock Up 0.3 %

IES stock opened at $50.38 on Friday. The firm has a 50 day simple moving average of $43.55 and a 200 day simple moving average of $39.41. The company has a current ratio of 1.59, a quick ratio of 1.30 and a debt-to-equity ratio of 0.04. IES Holdings, Inc. has a 1-year low of $25.22 and a 1-year high of $50.83. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 16.20 and a beta of 1.26.

Hedge Funds Weigh In On IES

Several hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can boosted its stake in IES by 209.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 655 shares of the technology company’s stock worth $28,000 after purchasing an additional 443 shares during the period. Gladius Capital Management LP purchased a new stake in shares of IES in the fourth quarter worth about $41,000. UBS Group AG boosted its position in shares of IES by 172.9% in the third quarter. UBS Group AG now owns 2,000 shares of the technology company’s stock valued at $55,000 after acquiring an additional 1,267 shares during the period. Barclays PLC increased its holdings in IES by 536.6% during the 4th quarter. Barclays PLC now owns 2,349 shares of the technology company’s stock worth $84,000 after acquiring an additional 1,980 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in IES by 251.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,631 shares of the technology company’s stock worth $110,000 after purchasing an additional 2,598 shares in the last quarter. 85.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IESC. StockNews.com started coverage on IES in a research note on Thursday. They issued a “strong-buy” rating on the stock. TheStreet upgraded IES from a “c+” rating to a “b-” rating in a research note on Wednesday, February 8th.

About IES

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IES Holdings, Inc engages in the design and installation of electrical and technology systems and the provision of infrastructure products and services to end markets including data centers, residential housing, and commercial and industrial facilities. It operates through the following segments: Communications, Residential, Commercial and Industrial, and Infrastructure Solutions.