Tracy Mclauchlin Sells 5,000 Shares of IES Holdings, Inc. (NASDAQ:IESC) Stock

IES Holdings, Inc. (NASDAQ:IESC) CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $253.02, for a total value of $1,265,100.00. Following the sale, the chief financial officer now owns 71,177 shares in the company, valued at approximately $18,009,204.54. The trade was a 6.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

IES Trading Down 1.6 %

NASDAQ IESC traded down $3.95 on Friday, hitting $245.15. 97,846 shares of the company were exchanged, compared to its average volume of 138,757. The company has a market cap of $4.90 billion, a PE ratio of 25.19 and a beta of 1.45. The stock has a fifty day moving average of $250.08 and a 200-day moving average of $189.44. IES Holdings, Inc. has a 12 month low of $76.26 and a 12 month high of $320.08.

Institutional Investors Weigh In On IES

A number of institutional investors and hedge funds have recently made changes to their positions in IESC. Principal Financial Group Inc. grew its holdings 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 buying an additional 2,636 shares in the last quarter. Versor Investments LP purchased a new position in IES during the 2nd quarter worth $934,000. Thrivent Financial for Lutherans bought a new stake in shares of IES in the 3rd quarter worth $10,426,000. Summit Partners Public Asset Management LLC raised its holdings in shares of 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 purchasing an additional 74,438 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of IES by 12.5% in the second quarter. Assenagon Asset Management S.A. now owns 89,330 shares of the technology company’s stock valued at $12,446,000 after purchasing an additional 9,942 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a report on Tuesday.

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.