BidaskClub Upgrades IES (NASDAQ:IESC) to “Hold”

IES (NASDAQ:IESC) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, March 27th, BidAskClub reports.

Several other research analysts have also issued reports on IESC. ValuEngine upgraded IES from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. TheStreet raised shares of IES from a “c” rating to a “b” rating in a research note on Tuesday, February 19th.

Shares of IESC traded up $0.20 during mid-day trading on Wednesday, hitting $18.20. The stock had a trading volume of 7,307 shares, compared to its average volume of 11,827. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.65 and a quick ratio of 1.50. IES has a 52 week low of $14.61 and a 52 week high of $20.25. The firm has a market cap of $384.71 million, a PE ratio of 12.64 and a beta of 0.70.

IES (NASDAQ:IESC) last announced its earnings results on Tuesday, February 5th. The technology company reported $0.40 earnings per share for the quarter. IES had a return on equity of 14.08% and a net margin of 2.42%. The business had revenue of $243.80 million for the quarter.

In other news, CEO Gary S. Matthews bought 2,706 shares of the stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $18.34 per share, with a total value of $49,628.04. Following the purchase, the chief executive officer now directly owns 260,000 shares in the company, valued at approximately $4,768,400. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 61.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IESC. AltraVue Capital LLC acquired a new stake in IES in the 4th quarter valued at about $4,668,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of IES in the first quarter valued at about $1,103,000. Eaton Vance Management purchased a new stake in shares of IES in the third quarter valued at about $975,000. Millennium Management LLC acquired a new position in shares of IES in the fourth quarter valued at approximately $467,000. Finally, Renaissance Technologies LLC raised its position in shares of IES by 10.7% in the third quarter. Renaissance Technologies LLC now owns 210,532 shares of the technology company’s stock valued at $4,105,000 after buying an additional 20,300 shares during the last quarter. Hedge funds and other institutional investors own 78.75% 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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