ValuEngine Lowers IES (IESC) to Sell

ValuEngine downgraded shares of IES (NASDAQ:IESC) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Separately, BidaskClub raised IES from a hold rating to a buy rating in a research report on Saturday, October 13th.

Shares of NASDAQ:IESC opened at $17.80 on Tuesday. IES has a 52-week low of $14.90 and a 52-week high of $20.25. The company has a market capitalization of $377.46 million, a PE ratio of 18.16 and a beta of 0.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.63 and a quick ratio of 1.50.

In related news, Director Todd M. Cleveland acquired 5,304 shares of IES stock in a transaction that occurred on Friday, September 7th. The stock was bought at an average price of $18.93 per share, with a total value of $100,404.72. Following the transaction, the director now directly owns 163,675 shares in the company, valued at $3,098,367.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 60.00% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC increased its position in IES by 134.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,049 shares of the technology company’s stock valued at $176,000 after buying an additional 5,188 shares in the last quarter. Rhumbline Advisers bought a new position in IES during the 2nd quarter valued at approximately $169,000. Edge Wealth Management LLC increased its position in IES by 8,333.3% during the 3rd quarter. Edge Wealth Management LLC now owns 10,120 shares of the technology company’s stock valued at $197,000 after buying an additional 10,000 shares in the last quarter. Strs Ohio increased its position in IES by 609.5% during the 2nd quarter. Strs Ohio now owns 14,900 shares of the technology company’s stock valued at $249,000 after buying an additional 12,800 shares in the last quarter. Finally, Eaton Vance Management bought a new position in IES during the 3rd quarter valued at approximately $975,000. 78.31% of the stock is owned by institutional investors.

About IES

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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