IES (IESC) Upgraded by BidaskClub to Hold

IES (NASDAQ:IESC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, TheStreet downgraded shares of IES from a “b” rating to a “c” rating in a research note on Wednesday, February 7th.

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IES (NASDAQ:IESC) opened at $16.80 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.63 and a quick ratio of 1.50. The firm has a market cap of $344.60, a PE ratio of 31.70 and a beta of 0.82. IES has a 52 week low of $14.05 and a 52 week high of $20.31.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, December 8th. The technology company reported $0.28 earnings per share for the quarter. The firm had revenue of $206.60 million for the quarter. IES had a negative net margin of 2.46% and a positive return on equity of 5.86%.

In other IES news, Director Todd M. Cleveland purchased 1,500 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were purchased at an average cost of $17.03 per share, with a total value of $25,545.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Gendell bought 4,000 shares of IES stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $15.60 per share, for a total transaction of $62,400.00. Following the completion of the purchase, the director now directly owns 126,475 shares of the company’s stock, valued at $1,973,010. The disclosure for this purchase can be found here. Over the last three months, insiders bought 7,000 shares of company stock worth $113,490. Insiders own 60.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Teachers Advisors LLC raised its stake in IES by 7.2% during the second quarter. Teachers Advisors LLC now owns 17,098 shares of the technology company’s stock worth $310,000 after purchasing an additional 1,143 shares during the period. Northern Trust Corp raised its stake in IES by 3.0% during the second quarter. Northern Trust Corp now owns 97,465 shares of the technology company’s stock worth $1,769,000 after purchasing an additional 2,857 shares during the period. Deutsche Bank AG raised its stake in IES by 13.0% during the fourth quarter. Deutsche Bank AG now owns 34,927 shares of the technology company’s stock worth $600,000 after purchasing an additional 4,023 shares during the period. Dimensional Fund Advisors LP raised its stake in IES by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 740,302 shares of the technology company’s stock worth $13,436,000 after purchasing an additional 4,514 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in IES by 1,141.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,585 shares of the technology company’s stock worth $130,000 after purchasing an additional 6,974 shares during the period. 78.38% of the stock is currently owned by institutional investors.

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IES Company Profile

IES Holdings, Inc, formerly Integrated Electrical Services, Inc, is a holding company that owns and manages diverse operating subsidiaries across a range of infrastructure-related end markets. The Company operates through four segments: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions.

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