Rhumbline Advisers Raises Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Rhumbline Advisers lifted its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 3.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,663 shares of the technology company’s stock after acquiring an additional 366 shares during the period. Rhumbline Advisers owned approximately 0.06% of IES worth $2,091,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IESC. Allspring Global Investments Holdings LLC boosted 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 acquiring an additional 3,862 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of IES in the 4th quarter valued at $1,477,000. Principal Financial Group Inc. boosted its holdings in shares of IES by 14.9% in the 4th quarter. Principal Financial Group Inc. now owns 8,352 shares of the technology company’s stock valued at $1,678,000 after acquiring an additional 1,083 shares during the last quarter. Callahan Advisors LLC purchased a new stake in IES in the 4th quarter worth approximately $201,000. Finally, Convergence Investment Partners LLC boosted its position in IES by 26.4% in the 4th quarter. Convergence Investment Partners LLC now owns 7,010 shares of the technology company’s stock worth $1,409,000 after purchasing an additional 1,463 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $273.59, for a total transaction of $1,576,972.76. Following the transaction, the chief executive officer now owns 10,917,554 shares in the company, valued at $2,986,933,598.86. This trade represents a 0.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 39,630 shares of company stock worth $10,915,095 in the last quarter. Corporate insiders own 56.76% of the company’s stock.

IES Trading Up 3.3%

IES stock opened at $270.52 on Tuesday. IES Holdings, Inc. has a 12 month low of $126.07 and a 12 month high of $320.09. The stock’s 50 day simple moving average is $233.56 and its two-hundred day simple moving average is $220.19. The firm has a market cap of $5.37 billion, a PE ratio of 25.19 and a beta of 1.62.

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

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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.