IES Holdings, Inc. (NASDAQ:IESC) Shares Purchased by State Street Corp

State Street Corp boosted its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 209,943 shares of the technology company's stock after acquiring an additional 6,492 shares during the quarter. State Street Corp owned 1.05% of IES worth $41,909,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IESC. Bank of New York Mellon Corp increased its position in shares of IES by 9.1% during the second quarter. Bank of New York Mellon Corp now owns 38,215 shares of the technology company's stock worth $5,324,000 after acquiring an additional 3,178 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in IES during the 2nd quarter valued at $170,000. Principal Financial Group Inc. lifted its holdings in shares of IES by 11.7% in the 2nd quarter. Principal Financial Group Inc. now owns 4,633 shares of the technology company's stock worth $646,000 after buying an additional 485 shares during the period. Ritholtz Wealth Management grew its position in shares of IES by 11.5% during the 2nd quarter. Ritholtz Wealth Management now owns 3,140 shares of the technology company's stock worth $437,000 after buying an additional 324 shares in the last quarter. Finally, Convergence Investment Partners LLC increased its stake in shares of IES by 77.3% during the second quarter. Convergence Investment Partners LLC now owns 5,868 shares of the technology company's stock valued at $818,000 after buying an additional 2,559 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at IES

In other news, VP Mary K. Newman sold 2,500 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total value of $715,575.00. Following the completion of the sale, the vice president now owns 18,286 shares of the company's stock, valued at $5,234,001.78. This trade represents a 12.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the transaction, the chief executive officer now directly owns 10,957,184 shares in the company, valued at $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,359 shares of company stock valued at $7,341,029. Corporate insiders own 59.19% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of IES from a "hold" rating to a "buy" rating in a research note on Tuesday, December 10th.

IES Stock Down 0.2 %

Shares of NASDAQ IESC traded down $0.53 during midday trading on Friday, reaching $212.50. 344,952 shares of the company's stock traded hands, compared to its average volume of 142,606. The stock's 50 day simple moving average is $250.95 and its 200-day simple moving average is $192.15. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 21.49 and a beta of 1.45. IES Holdings, Inc. has a one year low of $76.26 and a one year high of $320.08.

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.