IES (NASDAQ:IESC) Rating Increased to Buy at StockNews.com

IES (NASDAQ:IESCGet Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

IES Stock Up 1.1 %

IESC opened at $215.53 on Thursday. The stock has a market cap of $4.31 billion, a PE ratio of 21.79 and a beta of 1.52. IES has a twelve month low of $81.89 and a twelve month high of $320.08. The company has a fifty day moving average of $246.36 and a 200-day moving average of $211.45.

Insider Activity at IES

In related news, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the sale, the vice president now directly owns 18,286 shares of the company’s stock, valued at $5,234,001.78. The trade was a 12.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Matthew J. Simmes sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $293.32, for a total value of $2,053,240.00. Following the transaction, the chief operating officer now directly owns 115,341 shares in the company, valued at approximately $33,831,822.12. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,359 shares of company stock worth $7,341,029 in the last 90 days. Corporate insiders own 56.76% of the company’s stock.

Institutional Trading of IES

Several hedge funds have recently bought and sold shares of the business. Gladius Capital Management LP bought a new position in shares of IES in the third quarter valued at $44,000. KBC Group NV raised its holdings in shares of IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after acquiring an additional 138 shares during the last quarter. City State Bank bought a new position in IES in the 4th quarter valued at about $106,000. CWM LLC lifted its position in IES by 17.2% in the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock valued at $136,000 after acquiring an additional 100 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in IES by 159.5% during the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock valued at $153,000 after purchasing an additional 472 shares during the last quarter. Institutional investors and hedge funds 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.

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