BidaskClub downgraded shares of IES (NASDAQ:IESC) from a buy rating to a hold rating in a research note issued to investors on Friday.

Separately, TheStreet lowered IES from a b- rating to a c+ rating in a research report on Friday, June 22nd.

NASDAQ:IESC traded down $0.54 during mid-day trading on Friday, reaching $17.40. The company’s stock had a trading volume of 10,908 shares, compared to its average volume of 9,949. IES has a 12-month low of $14.90 and a 12-month high of $20.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.50 and a current ratio of 1.63. The firm has a market cap of $380.43 million, a price-to-earnings ratio of 18.31 and a beta of 0.26.

IES (NASDAQ:IESC) last issued its earnings results on Friday, August 3rd. The technology company reported $0.42 earnings per share for the quarter. IES had a positive return on equity of 9.47% and a negative net margin of 1.87%. The business had revenue of $232.60 million during the quarter.

In other news, Director Todd M. Cleveland purchased 5,304 shares of the business’s stock in a transaction on Friday, September 7th. The stock was acquired at an average cost of $18.93 per share, for a total transaction of $100,404.72. Following the purchase, the director now directly owns 163,675 shares in the company, valued at approximately $3,098,367.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 60.00% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in IESC. Rhumbline Advisers bought a new stake in shares of IES during the 2nd quarter valued at about $169,000. Bank of New York Mellon Corp grew its stake in shares of IES by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 108,621 shares of the technology company’s stock valued at $1,820,000 after purchasing an additional 5,572 shares during the period. Strs Ohio grew its stake in shares of 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 purchasing an additional 12,800 shares during the period. BlackRock Inc. grew its stake in shares of IES by 2.1% during the 2nd quarter. BlackRock Inc. now owns 409,447 shares of the technology company’s stock valued at $6,859,000 after purchasing an additional 8,280 shares during the period. Finally, Acuitas Investments LLC grew its stake in shares of IES by 227.0% during the 2nd quarter. Acuitas Investments LLC now owns 152,657 shares of the technology company’s stock valued at $2,557,000 after purchasing an additional 105,968 shares during the period. Institutional investors and hedge funds own 77.55% of the company’s stock.

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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