IES (NASDAQ:IESC) Stock Price Down 6% – Time to Sell?

IES Holdings, Inc. (NASDAQ:IESC)’s stock price was down 6% on Tuesday . The company traded as low as $225.88 and last traded at $227.30. Approximately 35,441 shares changed hands during trading, a decline of 69% from the average daily volume of 115,145 shares. The stock had previously closed at $241.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised IES from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th.

IES Stock Performance

The business has a fifty day moving average of $249.85 and a two-hundred day moving average of $199.97. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 22.35 and a beta of 1.52.

Insiders Place Their Bets

In related news, CFO Tracy Mclauchlin sold 5,000 shares of the business’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 transaction, the chief financial officer now directly owns 71,177 shares of the company’s stock, 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 this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the sale, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,359 shares of company stock valued at $7,341,029. Corporate insiders own 59.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP purchased a new position in IES in the third quarter valued at approximately $44,000. Federated Hermes Inc. raised its stake in shares of 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 buying an additional 194 shares during the period. Quest Partners LLC lifted its position in shares of IES by 41.0% during the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after buying an additional 86 shares during the last quarter. CWM LLC grew its stake in shares of IES by 17.2% during the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares during the period. Finally, BlueSky Wealth Advisors LLC purchased a new stake in IES in the 3rd quarter worth about $220,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

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.