IES (NASDAQ:IESC) Upgraded to “Strong-Buy” by StockNews.com

IES (NASDAQ:IESC) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

IES Trading Down 1.3 %

Shares of NASDAQ IESC opened at $132.22 on Friday. The stock has a fifty day moving average price of $143.98 and a 200 day moving average price of $112.37. IES has a 12-month low of $51.99 and a 12-month high of $184.38. The company has a market cap of $2.68 billion, a P/E ratio of 19.94 and a beta of 1.36.

IES (NASDAQ:IESC) last posted its earnings results on Friday, May 3rd. The technology company reported $2.29 earnings per share (EPS) for the quarter. The business had revenue of $705.80 million during the quarter. IES had a return on equity of 30.22% and a net margin of 5.27%.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $130.03, for a total value of $5,779,703.47. Following the completion of the transaction, the chief executive officer now directly owns 11,233,970 shares in the company, valued at $1,460,753,119.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other IES news, COO Matthew J. Simmes sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $170.52, for a total transaction of $2,387,280.00. Following the completion of the sale, the chief operating officer now owns 73,110 shares in the company, valued at approximately $12,466,717.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 44,449 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $130.03, for a total value of $5,779,703.47. Following the completion of the transaction, the chief executive officer now directly owns 11,233,970 shares in the company, valued at $1,460,753,119.10. The disclosure for this sale can be found here. Insiders have sold 133,757 shares of company stock worth $18,360,416 over the last 90 days. Company insiders own 59.19% of the company’s stock.

Institutional Trading of IES

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. bought a new position in IES during the 1st quarter valued at $48,000. Acadian Asset Management LLC acquired a new stake in shares of IES in the 3rd quarter valued at about $41,000. EntryPoint Capital LLC lifted its position in shares of IES by 217.0% during the first quarter. EntryPoint Capital LLC now owns 1,065 shares of the technology company’s stock worth $130,000 after purchasing an additional 729 shares during the last quarter. Quest Partners LLC acquired a new position in IES in the fourth quarter worth about $134,000. Finally, Susquehanna Portfolio Strategies LLC acquired a new position in IES in the first quarter worth about $207,000. Institutional investors own 86.60% of the company’s stock.

About IES

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.