Insider Selling: IES Holdings, Inc. (NASDAQ:IESC) CEO Sells 3,700 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESCGet Free Report) CEO Jeffrey L. Et Al Gendell sold 3,700 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $85.60, for a total transaction of $316,720.00. Following the transaction, the chief executive officer now owns 11,500,233 shares in the company, valued at $984,419,944.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IES Trading Up 2.8 %

IES stock opened at $88.00 on Wednesday. IES Holdings, Inc. has a 1-year low of $40.00 and a 1-year high of $92.00. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 16.73 and a beta of 1.28. The firm has a 50 day simple moving average of $80.39 and a 200 day simple moving average of $71.35.

IES (NASDAQ:IESCGet Free Report) last posted its quarterly earnings results on Thursday, December 7th. The technology company reported $1.74 earnings per share for the quarter. The business had revenue of $649.00 million during the quarter. IES had a net margin of 4.41% and a return on equity of 27.91%.

Institutional Investors Weigh In On IES

A number of hedge funds and other institutional investors have recently bought and sold shares of IESC. Charles Schwab Investment Management Inc. lifted its stake in shares of IES by 12.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,243 shares of the technology company’s stock worth $6,911,000 after buying an additional 9,463 shares in the last quarter. Coombe Bender & Co LLC increased its holdings in IES by 2.8% during the fourth quarter. Coombe Bender & Co LLC now owns 62,647 shares of the technology company’s stock valued at $4,963,000 after buying an additional 1,683 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in IES during the fourth quarter valued at approximately $356,000. Islay Capital Management LLC purchased a new stake in shares of IES in the fourth quarter worth $481,000. Finally, Peterson Wealth Services purchased a new stake in shares of IES in the fourth quarter worth $218,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

About IES

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for IES (NASDAQ:IESC)

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