State of New Jersey Common Pension Fund D purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,352 shares of the technology company's stock, valued at approximately $1,477,000.
A number of other institutional investors and hedge funds have also bought and sold shares of IESC. Franklin Resources Inc. boosted its position in shares of IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock valued at $31,026,000 after purchasing an additional 68,750 shares in the last quarter. Principal Financial Group Inc. increased its position in IES by 56.9% in the third quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company's stock worth $1,451,000 after buying an additional 2,636 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of IES by 1,856.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company's stock worth $818,000 after acquiring an additional 3,862 shares during the period. Barclays PLC boosted its holdings in shares of IES by 411.1% in the third quarter. Barclays PLC now owns 15,176 shares of the technology company's stock worth $3,029,000 after acquiring an additional 12,207 shares during the period. Finally, Stifel Financial Corp bought a new stake in IES during the third quarter valued at $631,000. Institutional investors and hedge funds own 86.60% of the company's stock.
Insider Transactions at IES
In other IES news, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $253.02, for a total value of $1,265,100.00. Following the completion of the sale, the chief financial officer now owns 71,177 shares in the company, valued at approximately $18,009,204.54. This represents a 6.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $252.25, for a total transaction of $118,557.50. Following the transaction, the chief executive officer now directly owns 10,957,184 shares of the company's stock, valued at $2,763,949,664. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,859 shares of company stock valued at $6,625,454. 56.76% of the stock is currently owned by company insiders.
IES Stock Performance
Shares of IESC traded up $3.71 during mid-day trading on Friday, reaching $178.33. The company had a trading volume of 166,846 shares, compared to its average volume of 231,152. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 16.60 and a beta of 1.52. IES Holdings, Inc. has a 52 week low of $100.60 and a 52 week high of $320.08. The firm has a 50-day moving average price of $223.86 and a 200 day moving average price of $220.09.
IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 earnings per share (EPS) for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded IES from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th.
Read Our Latest Stock Analysis on IESC
IES Profile
(
Free Report)
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.
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