IES (NASDAQ:IESC) Trading Down 5.6% – Time to Sell?

IES Holdings, Inc. (NASDAQ:IESC)’s stock price dropped 5.6% during mid-day trading on Monday . The company traded as low as $218.42 and last traded at $217.59. Approximately 33,712 shares changed hands during trading, a decline of 85% from the average daily volume of 219,793 shares. The stock had previously closed at $230.49.

Wall Street Analyst Weigh In

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

IES Stock Performance

The business’s 50 day simple moving average is $234.79 and its 200-day simple moving average is $216.68. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 20.15 and a beta of 1.52.

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

Insider Activity

In other news, COO Matthew J. Simmes sold 7,000 shares of IES stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total transaction of $2,053,240.00. Following the sale, the chief operating officer now directly owns 115,341 shares in the company, valued at approximately $33,831,822.12. The trade was a 5.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of IES stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total transaction of $118,557.50. Following the sale, the chief executive officer now owns 10,957,184 shares in the company, valued at approximately $2,763,949,664. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,359 shares of company stock worth $7,341,029. 56.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On IES

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IESC. Vanguard Group Inc. boosted its position in IES by 38.9% in the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company’s stock valued at $151,389,000 after buying an additional 210,925 shares in the last quarter. Summit Partners Public Asset Management LLC boosted its position in IES by 165.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after buying an additional 74,438 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of IES by 140.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company’s stock worth $25,221,000 after acquiring an additional 73,271 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of IES by 79.3% in 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 last quarter. Finally, FMR LLC raised its stake in shares of IES by 4.6% in the third quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after acquiring an additional 65,145 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Company Profile

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.