IES (IESC) Downgraded by TheStreet to “C”

IES (NASDAQ:IESC) was downgraded by equities researchers at TheStreet from a “b” rating to a “c” rating in a research report issued on Wednesday.

Separately, BidaskClub lowered IES from a “buy” rating to a “hold” rating in a research note on Saturday, December 30th.

Shares of IES (NASDAQ:IESC) remained flat at $$15.95 during mid-day trading on Wednesday. The stock had a trading volume of 1,085 shares, compared to its average volume of 36,751. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.63 and a quick ratio of 1.43. IES has a 52-week low of $14.05 and a 52-week high of $21.52. The stock has a market cap of $349.96, a P/E ratio of -16.77 and a beta of 0.71.

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

In related news, Director Todd M. Cleveland bought 1,500 shares of the stock in a transaction dated Friday, December 29th. The stock was bought at an average price of $17.03 per share, with a total value of $25,545.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 60.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IESC. The Manufacturers Life Insurance Company lifted its stake in shares of IES by 1,141.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 7,585 shares of the technology company’s stock valued at $130,000 after acquiring an additional 6,974 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of IES in the 4th quarter valued at about $132,000. Citigroup Inc. lifted its stake in shares of IES by 7,445.0% in the 2nd quarter. Citigroup Inc. now owns 7,545 shares of the technology company’s stock valued at $137,000 after acquiring an additional 7,445 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of IES in the 4th quarter valued at about $153,000. Finally, Rhumbline Advisers bought a new stake in shares of IES in the 2nd quarter valued at about $214,000. 78.58% of the stock is owned by institutional investors.

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About IES

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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