BidaskClub cut shares of IES (NASDAQ:IESC) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
Separately, TheStreet cut shares of IES from a b- rating to a c+ rating in a report on Friday, June 22nd.
Shares of IESC stock traded down $0.54 during mid-day trading on Friday, reaching $17.40. 10,908 shares of the company’s stock traded hands, compared to its average volume of 9,949. IES has a 12 month low of $14.90 and a 12 month high of $20.25. The stock has a market cap of $380.43 million, a PE ratio of 18.31 and a beta of 0.26. The company has a current ratio of 1.63, a quick ratio of 1.50 and a debt-to-equity ratio of 0.14.
IES (NASDAQ:IESC) last announced its earnings results on Friday, August 3rd. The technology company reported $0.42 EPS for the quarter. IES had a negative net margin of 1.87% and a positive return on equity of 9.47%. The firm had revenue of $232.60 million for the quarter.
In other IES news, Director Todd M. Cleveland bought 5,304 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were purchased at an average price of $18.93 per share, for a total transaction of $100,404.72. Following the acquisition, the director now owns 163,675 shares in the company, valued at approximately $3,098,367.75. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 60.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of IESC. Rhumbline Advisers purchased a new position in shares of IES in the 2nd quarter worth about $169,000. Bank of New York Mellon Corp raised its position in shares of IES by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 108,621 shares of the technology company’s stock worth $1,820,000 after purchasing an additional 5,572 shares during the last quarter. Strs Ohio raised its position in shares of IES by 609.5% in the 2nd quarter. Strs Ohio now owns 14,900 shares of the technology company’s stock worth $249,000 after purchasing an additional 12,800 shares during the last quarter. BlackRock Inc. raised its position in shares of IES by 2.1% in the 2nd quarter. BlackRock Inc. now owns 409,447 shares of the technology company’s stock worth $6,859,000 after purchasing an additional 8,280 shares during the last quarter. Finally, Acuitas Investments LLC raised its position in shares of IES by 227.0% in the 2nd quarter. Acuitas Investments LLC now owns 152,657 shares of the technology company’s stock worth $2,557,000 after purchasing an additional 105,968 shares during the last quarter. 77.55% of the stock is owned by hedge funds and other institutional investors.
IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. The company's Commercial & Industrial segment provides electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities.
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