IES (NASDAQ:IESC) Trading Down 6.2% – What’s Next?

IES Holdings, Inc. (NASDAQ:IESC) traded down 6.2% during trading on Wednesday . The stock traded as low as $213.57 and last traded at $211.75. 39,317 shares were traded during trading, a decline of 82% from the average session volume of 223,223 shares. The stock had previously closed at $225.66.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of IES from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th.

IES Stock Performance

The firm’s 50 day simple moving average is $227.25 and its 200 day simple moving average is $219.48. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 18.00 and a beta of 1.52.

IES (NASDAQ:IESC) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Insider Activity at IES

In related news, COO Matthew J. Simmes sold 7,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total value of $2,053,240.00. Following the completion of the transaction, the chief operating officer now directly owns 115,341 shares in the company, valued at $33,831,822.12. The trade was a 5.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the completion of the transaction, the chief executive officer now owns 10,958,900 shares of the company’s stock, valued at approximately $2,820,492,093. This represents a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,359 shares of company stock worth $7,341,029 in the last three months. Company insiders own 56.76% of the company’s stock.

Hedge Funds Weigh In On IES

Large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its position in IES by 79.3% during the third quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company’s stock worth $31,026,000 after acquiring an additional 68,750 shares during the period. Principal Financial Group Inc. raised its position in IES by 56.9% during the third quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company’s stock worth $1,451,000 after acquiring an additional 2,636 shares during the period. Barclays PLC raised its position in IES by 411.1% during the third quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock worth $3,029,000 after acquiring an additional 12,207 shares during the period. Stifel Financial Corp acquired a new position in IES during the third quarter worth $631,000. Finally, Thrivent Financial for Lutherans acquired a new position in IES during the third quarter worth $10,426,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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.