IES (NASDAQ:IESC) Trading Down 4.5% – Should You Sell?

IES Holdings, Inc. (NASDAQ:IESC) shares dropped 4.5% on Thursday . The company traded as low as $297.71 and last traded at $302.15. Approximately 104,876 shares were traded during trading, a decline of 36% from the average daily volume of 164,385 shares. The stock had previously closed at $316.26.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of IES from a “buy” rating to a “hold” rating in a research note on Wednesday.

IES Stock Performance

The company’s 50 day moving average price is $248.49 and its 200 day moving average price is $207.99. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 30.71 and a beta of 1.52.

Insider Activity at IES

In other IES news, CFO Tracy Mclauchlin sold 5,000 shares of the business’s 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 completion of the sale, 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 document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the sale, the chief executive officer now directly owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,359 shares of company stock valued at $7,341,029 over the last ninety days. 56.76% of the stock is owned by insiders.

Institutional Trading of IES

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highland Capital Management LLC bought a new stake in IES during the 4th quarter worth about $212,000. KBC Group NV raised its holdings in IES by 52.5% during the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after purchasing an additional 138 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in IES by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 82,600 shares of the technology company’s stock worth $16,599,000 after purchasing an additional 5,300 shares during the last quarter. City State Bank bought a new stake in IES during the 4th quarter worth about $106,000. Finally, JPMorgan Chase & Co. increased its stake in shares of IES by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 41,482 shares of the technology company’s stock valued at $8,281,000 after acquiring an additional 1,027 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

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.