Principal Financial Group Inc. Has $1.40 Million Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Principal Financial Group Inc. increased its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,447 shares of the technology company’s stock after acquiring an additional 95 shares during the period. Principal Financial Group Inc.’s holdings in IES were worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. raised its stake in IES by 6.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 861 shares of the technology company’s stock worth $173,000 after buying an additional 53 shares during the last quarter. Summit Trail Advisors LLC raised its stake in IES by 7.6% during the first quarter. Summit Trail Advisors LLC now owns 1,338 shares of the technology company’s stock worth $221,000 after buying an additional 95 shares during the last quarter. Wexford Capital LP raised its stake in IES by 7.0% during the fourth quarter. Wexford Capital LP now owns 2,300 shares of the technology company’s stock worth $462,000 after buying an additional 150 shares during the last quarter. Comerica Bank raised its stake in IES by 44.9% during the fourth quarter. Comerica Bank now owns 507 shares of the technology company’s stock worth $102,000 after buying an additional 157 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in IES by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,681 shares of the technology company’s stock worth $941,000 after buying an additional 191 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $273.59, for a total value of $1,576,972.76. Following the transaction, the chief executive officer owned 10,917,554 shares of the company’s stock, valued at $2,986,933,598.86. This represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 39,630 shares of company stock valued at $10,915,095. Corporate insiders own 56.76% of the company’s stock.

IES Trading Up 0.4%

IESC opened at $327.15 on Friday. The company has a market cap of $6.49 billion, a P/E ratio of 27.38 and a beta of 1.63. The company has a fifty day moving average price of $278.95 and a two-hundred day moving average price of $230.49. IES Holdings, Inc. has a 1-year low of $129.16 and a 1-year high of $334.48.

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

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.