Barclays PLC Acquires 12,207 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Barclays PLC boosted its stake in IES Holdings, Inc. (NASDAQ:IESC) by 411.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,176 shares of the technology company’s stock after purchasing an additional 12,207 shares during the quarter. Barclays PLC owned about 0.08% of IES worth $3,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in IES by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 38,215 shares of the technology company’s stock valued at $5,324,000 after purchasing an additional 3,178 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of IES in the second quarter valued at $170,000. Principal Financial Group Inc. lifted its holdings in IES by 11.7% during the second quarter. Principal Financial Group Inc. now owns 4,633 shares of the technology company’s stock valued at $646,000 after purchasing an additional 485 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of IES by 11.5% during the 2nd quarter. Ritholtz Wealth Management now owns 3,140 shares of the technology company’s stock valued at $437,000 after buying an additional 324 shares in the last quarter. Finally, Convergence Investment Partners LLC lifted its position in shares of IES by 77.3% during the second quarter. Convergence Investment Partners LLC now owns 5,868 shares of the technology company’s stock worth $818,000 after acquiring an additional 2,559 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of IES from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th.

IES Price Performance

Shares of IESC opened at $212.67 on Tuesday. IES Holdings, Inc. has a 1-year low of $76.26 and a 1-year high of $320.08. The company has a market capitalization of $4.25 billion, a P/E ratio of 21.50 and a beta of 1.45. The firm’s 50 day simple moving average is $250.95 and its 200 day simple moving average is $192.94.

Insider Transactions at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 12,389 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $257.37, for a total transaction of $3,188,556.93. Following the completion of the sale, the chief executive officer now directly owns 10,958,900 shares in the company, valued at $2,820,492,093. This represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $253.02, for a total value of $1,265,100.00. Following the transaction, the chief financial officer now owns 71,177 shares in the company, valued at approximately $18,009,204.54. The trade was a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,359 shares of company stock valued at $7,341,029. Insiders own 59.19% of the company’s stock.

About IES

IES Holdings, Inc engages in the design and installation of integrated electrical and technology systems, and provides infrastructure products and services in the United States. The Communications segment designs, installs, and maintains network infrastructure within data centers for co-location and managed hosting customers; corporate, educational, financial, hospitality, and healthcare buildings; e-commerce distribution centers; and high-tech manufacturing facilities.