IES (NASDAQ:IESC) Stock Rating Upgraded by StockNews.com

IES (NASDAQ:IESC) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

IES Stock Performance

Shares of NASDAQ:IESC opened at $222.92 on Wednesday. IES has a 52 week low of $93.12 and a 52 week high of $320.08. The company has a market capitalization of $4.46 billion, a PE ratio of 20.76 and a beta of 1.52. The company has a 50 day moving average price of $232.11 and a two-hundred day moving average price of $216.72.

IES (NASDAQ:IESC) last issued its earnings results 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

In related news, VP Mary K. Newman sold 2,500 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total transaction of $715,575.00. Following the completion of the transaction, the vice president now owns 18,286 shares in the company, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the transaction, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,359 shares of company stock worth $7,341,029 over the last quarter. 56.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp boosted its holdings in IES by 56.8% during the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock worth $28,000 after purchasing an additional 50 shares during the last quarter. Smithfield Trust Co acquired a new stake in IES in the fourth quarter valued at $34,000. Gladius Capital Management LP acquired a new stake in IES in the third quarter valued at $44,000. National Bank of Canada FI acquired a new stake in IES in the fourth quarter valued at $54,000. Finally, Harbour Investments Inc. acquired a new stake in IES in the fourth quarter valued at $71,000. Institutional investors and hedge funds 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.