IES (NASDAQ:IESC) Shares Up 7.8% – Time to Buy?

IES Holdings, Inc. (NASDAQ:IESC)’s stock price shot up 7.8% during mid-day trading on Wednesday . The company traded as high as $307.90 and last traded at $297.95. 38,950 shares were traded during trading, a decline of 74% from the average session volume of 147,747 shares. The stock had previously closed at $276.32.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of IES from a “buy” rating to a “hold” rating in a report on Wednesday.

IES Trading Down 4.0 %

The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 30.71 and a beta of 1.52. The firm’s fifty day moving average price is $249.26 and its 200 day moving average price is $208.65.

Insiders Place Their Bets

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s 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 directly owns 10,957,184 shares in the company, valued at $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Matthew J. Simmes sold 7,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly owns 115,341 shares of the company’s stock, valued at approximately $33,831,822.12. The trade was a 5.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,359 shares of company stock worth $7,341,029 over the last ninety days. Corporate insiders own 56.76% of the company’s stock.

Institutional Trading of IES

Large investors have recently modified their holdings of the stock. FMR LLC increased its holdings in IES by 4.6% during the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after purchasing an additional 65,145 shares during the period. Royce & Associates LP grew its position in shares of IES by 15.1% during the third quarter. Royce & Associates LP now owns 294,808 shares of the technology company’s stock worth $58,850,000 after buying an additional 38,783 shares in the last quarter. State Street Corp increased its stake in shares of IES by 3.2% during the third quarter. State Street Corp now owns 209,943 shares of the technology company’s stock worth $41,909,000 after buying an additional 6,492 shares during the period. Geode Capital Management LLC raised its holdings in IES by 0.3% in the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company’s stock valued at $41,757,000 after acquiring an additional 623 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in 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. Hedge funds and other 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.