AQR Capital Management LLC Lowers Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

AQR Capital Management LLC lessened its stake in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 38.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,819 shares of the technology company's stock after selling 16,384 shares during the quarter. AQR Capital Management LLC owned approximately 0.13% of IES worth $3,597,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of IES during the 2nd quarter valued at $3,328,000. Breach Inlet Capital Management LLC bought a new stake in shares of IES during the fourth quarter worth about $10,239,000. BNP Paribas Financial Markets increased its stake in shares of IES by 31.1% in the first quarter. BNP Paribas Financial Markets now owns 20,727 shares of the technology company's stock valued at $2,521,000 after buying an additional 4,913 shares during the period. Truvestments Capital LLC bought a new position in IES in the 1st quarter valued at approximately $499,000. Finally, Acadian Asset Management LLC boosted its position in IES by 1,863.1% during the 1st quarter. Acadian Asset Management LLC now owns 12,446 shares of the technology company's stock worth $1,512,000 after buying an additional 11,812 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $160.61, for a total value of $8,152,242.38. Following the completion of the sale, the chief executive officer now directly owns 11,134,087 shares of the company's stock, valued at $1,788,245,713.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $176.73, for a total transaction of $883,650.00. Following the completion of the transaction, the chief financial officer now owns 64,377 shares in the company, valued at approximately $11,377,347.21. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of IES stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $160.61, for a total transaction of $8,152,242.38. Following the completion of the sale, the chief executive officer now directly owns 11,134,087 shares in the company, valued at approximately $1,788,245,713.07. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 160,966 shares of company stock worth $26,003,099. Corporate insiders own 59.19% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of IES from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 7th.

IES Stock Up 2.1 %

Shares of NASDAQ IESC traded up $4.42 during trading on Monday, reaching $211.62. The company had a trading volume of 111,225 shares, compared to its average volume of 134,195. The stock has a market cap of $4.28 billion, a P/E ratio of 31.25 and a beta of 1.38. The company's fifty day moving average price is $171.66 and its 200-day moving average price is $151.31. IES Holdings, Inc. has a 12 month low of $59.75 and a 12 month high of $212.17.

IES (NASDAQ:IESC - Get Free Report) last announced its earnings results on Friday, August 2nd. The technology company reported $2.67 earnings per share for the quarter. The business had revenue of $768.40 million during the quarter. IES had a net margin of 6.30% and a return on equity of 34.38%.

IES declared that its board has approved a stock repurchase plan on Friday, August 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

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.