IES Holdings, Inc. (NASDAQ:IESC) Shares Acquired by Royce & Associates LP

Royce & Associates LP grew its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 15.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,808 shares of the technology company's stock after acquiring an additional 38,783 shares during the period. Royce & Associates LP owned 1.48% of IES worth $58,850,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in IES during the 2nd quarter worth $3,328,000. Truvestments Capital LLC bought a new stake in shares of IES in the first quarter valued at about $499,000. Acadian Asset Management LLC lifted its stake in IES by 1,863.1% in the first quarter. Acadian Asset Management LLC now owns 12,446 shares of the technology company's stock worth $1,512,000 after acquiring an additional 11,812 shares during the period. Janus Henderson Group PLC grew its holdings in IES by 27.4% during the 1st quarter. Janus Henderson Group PLC now owns 26,609 shares of the technology company's stock worth $3,237,000 after acquiring an additional 5,720 shares in the last quarter. Finally, Forge First Asset Management Inc. purchased a new position in IES during the 1st quarter valued at about $2,423,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of IES from a "buy" rating to a "hold" rating in a research report on Tuesday, November 5th.

Insider Buying and Selling at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of IES stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $158.29, for a total transaction of $7,575,917.69. Following the completion of the sale, the chief executive officer now directly owns 11,036,984 shares in the company, valued at approximately $1,747,044,197.36. The trade was a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David B. Gendell sold 10,000 shares of the company's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $187.26, for a total value of $1,872,600.00. Following the completion of the transaction, the director now directly owns 127,976 shares in the company, valued at approximately $23,964,785.76. The trade was a 7.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 105,208 shares of company stock worth $16,967,207 over the last quarter. Insiders own 59.19% of the company's stock.

IES Price Performance

NASDAQ IESC traded down $6.88 during midday trading on Friday, hitting $258.02. 142,894 shares of the company traded hands, compared to its average volume of 132,892. IES Holdings, Inc. has a 52 week low of $64.50 and a 52 week high of $297.07. The company's 50-day simple moving average is $210.18 and its 200-day simple moving average is $173.26. The company has a market cap of $5.16 billion, a PE ratio of 31.20 and a beta of 1.37.

IES announced that its board has approved a share buyback program on Friday, August 2nd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the technology company to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

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.