IES (IESC) Rating Increased to Hold at BidaskClub

IES (NASDAQ:IESC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

Separately, TheStreet upgraded IES from a “c” rating to a “b” rating in a research note on Tuesday, February 19th.

Shares of NASDAQ:IESC opened at $19.19 on Wednesday. The company has a current ratio of 1.62, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The stock has a market cap of $395.31 million, a P/E ratio of 11.17 and a beta of 0.67. IES has a 1 year low of $14.61 and a 1 year high of $20.25.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Monday, May 6th. The technology company reported $0.38 earnings per share for the quarter. The business had revenue of $256.90 million for the quarter. IES had a return on equity of 15.92% and a net margin of 2.63%.

In other news, CEO Gary S. Matthews purchased 2,706 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of $18.34 per share, for a total transaction of $49,628.04. Following the purchase, the chief executive officer now owns 260,000 shares in the company, valued at $4,768,400. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have acquired 4,112 shares of company stock worth $75,012. Company insiders own 61.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Neuberger Berman Group LLC boosted its stake in shares of IES by 5.4% in the third quarter. Neuberger Berman Group LLC now owns 17,500 shares of the technology company’s stock worth $341,000 after buying an additional 900 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of IES by 0.3% in the third quarter. Vanguard Group Inc now owns 369,315 shares of the technology company’s stock worth $7,202,000 after buying an additional 1,116 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of IES by 7.1% in the fourth quarter. Deutsche Bank AG now owns 18,441 shares of the technology company’s stock worth $284,000 after buying an additional 1,221 shares during the last quarter. Northern Trust Corp boosted its stake in shares of IES by 1.5% in the first quarter. Northern Trust Corp now owns 92,657 shares of the technology company’s stock worth $1,646,000 after buying an additional 1,389 shares during the last quarter. Finally, AltraVue Capital LLC boosted its stake in shares of IES by 0.5% in the first quarter. AltraVue Capital LLC now owns 301,606 shares of the technology company’s stock worth $5,359,000 after buying an additional 1,390 shares during the last quarter. Hedge funds and other institutional investors own 78.27% of the company’s stock.

IES Company Profile

IES Holdings, Inc engages in communications, commercial and industrial, infrastructure solutions, and residential businesses in the United States. Its Commercial & Industrial segment offers 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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