IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,500 shares of the technology company’s stock after selling 1,200 shares during the quarter. Strs Ohio’s holdings in IES were worth $594,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in shares of IES by 163.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,745 shares of the technology company’s stock valued at $1,564,000 after acquiring an additional 12,242 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of IES during the fourth quarter valued at approximately $208,000. Exchange Traded Concepts LLC acquired a new position in shares of IES during the fourth quarter valued at approximately $370,000. Vanguard Group Inc. raised its holdings in shares of IES by 1.5% during the third quarter. Vanguard Group Inc. now owns 436,085 shares of the technology company’s stock valued at $28,725,000 after acquiring an additional 6,517 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new position in shares of IES during the third quarter valued at approximately $314,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Activity

In other news, CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $115.14, for a total value of $575,700.00. Following the completion of the sale, the chief financial officer now directly owns 69,377 shares in the company, valued at $7,988,067.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Todd M. Cleveland sold 11,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $114.47, for a total value of $1,259,170.00. Following the completion of the transaction, the director now directly owns 131,581 shares in the company, valued at $15,062,077.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $115.14, for a total value of $575,700.00. Following the completion of the transaction, the chief financial officer now owns 69,377 shares of the company’s stock, valued at $7,988,067.78. The disclosure for this sale can be found here. Insiders sold 116,294 shares of company stock worth $11,283,205 over the last ninety days. Corporate insiders own 59.19% of the company’s stock.

IES Price Performance

Shares of IES stock opened at $131.11 on Friday. The business has a 50 day simple moving average of $115.21 and a two-hundred day simple moving average of $89.26. IES Holdings, Inc. has a 12 month low of $42.38 and a 12 month high of $138.56. The stock has a market capitalization of $2.65 billion, a P/E ratio of 24.93 and a beta of 1.34.

IES (NASDAQ:IESC) last posted its quarterly earnings results on Friday, February 2nd. The technology company reported $1.87 earnings per share (EPS) for the quarter. The business had revenue of $634.40 million during the quarter. IES had a return on equity of 26.83% and a net margin of 4.41%.

IES Company 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.