California State Teachers Retirement System Has $1.68 Million Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

California State Teachers Retirement System decreased its stake in IES Holdings, Inc. (NASDAQ:IESC) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,351 shares of the technology company’s stock after selling 200 shares during the period. California State Teachers Retirement System’s holdings in IES were worth $1,678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC increased its holdings in IES by 411.1% during the third quarter. Barclays PLC now owns 15,176 shares of the technology company’s stock worth $3,029,000 after buying an additional 12,207 shares during the last quarter. KBC Group NV grew its position in shares of IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after acquiring an additional 138 shares during the period. Peterson Wealth Services increased its stake in shares of IES by 1.2% during the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock worth $1,630,000 after purchasing an additional 100 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of IES by 1,856.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company’s stock valued at $818,000 after purchasing an additional 3,862 shares during the period. Finally, Rhumbline Advisers lifted its stake in IES by 1.4% in the 4th quarter. Rhumbline Advisers now owns 12,297 shares of the technology company’s stock valued at $2,471,000 after purchasing an additional 171 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

IES Price Performance

Shares of IES stock opened at $279.98 on Monday. The business has a fifty day simple moving average of $221.03 and a two-hundred day simple moving average of $221.01. IES Holdings, Inc. has a 1 year low of $124.55 and a 1 year high of $320.09. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 26.07 and a beta of 1.62.

IES (NASDAQ:IESC) last posted its earnings results on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. The company had revenue of $834.00 million during the quarter. IES had a net margin of 7.30% and a return on equity of 35.81%.

Insider Buying and Selling at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 6,722 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $275.00, for a total transaction of $1,848,550.00. Following the transaction, the chief executive officer now owns 10,923,318 shares in the company, valued at $3,003,912,450. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 56.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded IES from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

IES Profile

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.