IES Holdings, Inc. (NASDAQ:IESC) CFO Sells $1,265,100.00 in Stock

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

IES Stock Performance

Shares of NASDAQ:IESC opened at $245.15 on Friday. IES Holdings, Inc. has a 52-week low of $76.26 and a 52-week high of $320.08. The company has a market capitalization of $4.90 billion, a PE ratio of 24.79 and a beta of 1.45. The company has a fifty day moving average of $250.84 and a 200-day moving average of $190.03.

Wall Street Analysts Forecast Growth

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

Institutional Trading of IES

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its position in shares of IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock valued at $37,000 after acquiring an additional 194 shares during the period. Quest Partners LLC lifted its holdings 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 acquiring an additional 86 shares during the period. Gladius Capital Management LP bought a new stake in shares of IES during the 3rd quarter worth $44,000. CWM LLC increased its holdings in 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 last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of IES during the 2nd quarter worth approximately $170,000. Institutional investors and hedge funds 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.