IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell Sells 12,389 Shares of Stock

IES Holdings, Inc. (NASDAQ:IESC) CEO Jeffrey L. Et Al Gendell sold 12,389 shares of IES stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the transaction, the chief executive officer now directly owns 10,958,900 shares in the company, valued at $2,820,492,093. This trade represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

IES Stock Down 1.6 %

Shares of IES stock opened at $245.15 on Friday. The business’s fifty day simple moving average is $250.84 and its 200-day simple moving average is $190.03. The firm has a market cap of $4.90 billion, a PE ratio of 24.79 and a beta of 1.45. IES Holdings, Inc. has a 52 week low of $76.26 and a 52 week high of $320.08.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new stake in shares of IES in the 3rd quarter valued at approximately $44,000. Federated Hermes Inc. raised its position in IES by 258.7% in the second quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after purchasing an additional 194 shares during the period. Quest Partners LLC lifted its stake in IES by 41.0% during the second quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock worth $41,000 after purchasing an additional 86 shares in the last quarter. CWM LLC boosted its position in shares of IES by 252.7% during the second quarter. CWM LLC now owns 582 shares of the technology company’s stock worth $81,000 after buying an additional 417 shares during the period. Finally, BlueSky Wealth Advisors LLC acquired a new stake in shares of IES in the third quarter valued at $220,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

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.