IES (NASDAQ:IESC) Stock Price Up 7.4% – What’s Next?

IES Holdings, Inc. (NASDAQ:IESC)’s stock price traded up 7.4% during mid-day trading on Wednesday . The stock traded as high as $230.81 and last traded at $230.51. 173,150 shares were traded during trading, a decline of 20% from the average session volume of 216,834 shares. The stock had previously closed at $214.72.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of IES from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th.

IES Price Performance

The firm has a market cap of $4.46 billion, a P/E ratio of 22.54 and a beta of 1.52. The firm’s 50-day moving average price is $241.46 and its 200 day moving average price is $213.83.

IES (NASDAQ:IESC) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a return on equity of 35.69% and a net margin of 7.00%.

Insider Buying and Selling

In related news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $252.25, for a total transaction of $118,557.50. Following the transaction, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at approximately $2,763,949,664. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Mary K. Newman sold 2,500 shares of the company’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 transaction, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. The trade was a 12.03 % 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 valued at $7,341,029 over the last quarter. Corporate insiders own 56.76% of the company’s stock.

Institutional Investors Weigh In On IES

Institutional investors have recently added to or reduced their stakes in the company. Linscomb Wealth Inc. acquired a new position in IES during the 4th quarter worth about $201,000. Cavalier Investments LLC raised its position in IES by 3.5% in the 4th quarter. Cavalier Investments LLC now owns 5,664 shares of the technology company’s stock valued at $1,138,000 after buying an additional 192 shares during the last quarter. Colonial River Investments LLC boosted its position in IES by 6.6% during the 4th quarter. Colonial River Investments LLC now owns 4,043 shares of the technology company’s stock worth $812,000 after acquiring an additional 249 shares during the last quarter. Navellier & Associates Inc. boosted its holdings in IES by 70.9% during the fourth quarter. Navellier & Associates Inc. now owns 5,190 shares of the technology company’s stock worth $1,043,000 after purchasing an additional 2,153 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in IES by 21.9% in the 4th quarter. Handelsbanken Fonder AB now owns 3,900 shares of the technology company’s stock valued at $784,000 after buying an additional 700 shares during the last quarter. 86.60% of the stock is 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.