Teacher Retirement System of Texas Has $425,000 Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Teacher Retirement System of Texas decreased its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 60.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,573 shares of the technology company’s stock after selling 3,930 shares during the period. Teacher Retirement System of Texas’ holdings in IES were worth $425,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in IES by 38.9% during the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company’s stock valued at $151,389,000 after buying an additional 210,925 shares in the last quarter. Thrivent Financial for Lutherans grew its position in IES by 140.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company’s stock worth $25,221,000 after buying an additional 73,271 shares in the last quarter. Invesco Ltd. grew its position in IES by 27.6% during the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company’s stock worth $40,353,000 after buying an additional 43,449 shares in the last quarter. Man Group plc acquired a new stake in IES during the fourth quarter worth about $8,497,000. Finally, GAMMA Investing LLC grew its position in IES by 17,886.4% during the first quarter. GAMMA Investing LLC now owns 42,268 shares of the technology company’s stock worth $69,790,000 after buying an additional 42,033 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Activity at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $273.59, for a total value of $1,576,972.76. Following the completion of the sale, the chief executive officer owned 10,917,554 shares in the company, valued at $2,986,933,598.86. This represents a 0.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 39,630 shares of company stock worth $10,915,095. Insiders own 56.76% of the company’s stock.

IES Trading Up 0.9%

NASDAQ IESC opened at $325.94 on Friday. The stock’s 50 day moving average is $277.30 and its two-hundred day moving average is $229.42. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 27.28 and a beta of 1.63. IES Holdings, Inc. has a 1-year low of $129.16 and a 1-year high of $334.00.

IES (NASDAQ:IESC) last announced its earnings results on Friday, May 2nd. The technology company reported $3.30 EPS for the quarter. IES had a return on equity of 36.49% and a net margin of 7.76%. The business had revenue of $834.00 million for the quarter.

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.