1 day Ago By ABMN Staff
Arizona State Retirement System increased its stake in shares of IES Holdings, Inc. ( NASDAQ:IESC – Free Report ) by 14.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 2,546 shares of the technology company’s stock after buying an additional 324 shares during the quarter. Arizona State Retirement System’s holdings in IES were worth $355,000 at the end of the most recent quarter. A number of other institutional investors have also recently added to or reduced their stakes in the stock.
Ellsworth Advisors LLC grew its stake in IES by 2.7% during the 2nd quarter. Ellsworth Advisors LLC now owns 5,806 shares of the technology company’s stock worth $809,000 after buying an additional 151 shares during the last quarter.
Rhumbline Advisers boosted its position in IES by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 12,400 shares of the technology company’s stock worth $1,728,000 after acquiring an additional 197 shares during the period.
Ritholtz Wealth Management boosted its position in 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 acquiring an additional 324 shares during the period.
Contravisory Investment Management Inc. acquired a new position in IES during the 2nd quarter worth $48,000. Finally, Sunbelt Securities Inc.
acquired a new position in IES during the 1st quarter worth $48,000. 86.60% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In Separately, StockNews.com lowered IES from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 7th. Insider Activity In other news, CEO Jeffrey L.
Et Al Gendell sold 50,758 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,788,245,713.07.
The sale was disclosed in a document filed with the SEC, which is available at the SEC website . In other news, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,788,245,713.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website .
Also, CFO Tracy Mclauchlin sold 5,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $176.73, for a total value of $883,650.
00. Following the sale, the chief financial officer now directly owns 64,377 shares of the company’s stock, valued at $11,377,347.21.
The disclosure for this sale can be found here . Insiders sold a total of 160,966 shares of company stock valued at $26,003,099 over the last three months. Insiders own 59.
19% of the company’s stock. IES Stock Up 2.5 % Shares of IES stock opened at $164.
19 on Wednesday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 24.
76 and a beta of 1.38. The business has a fifty day simple moving average of $160.
13 and a 200-day simple moving average of $143.20. IES Holdings, Inc.
has a fifty-two week low of $59.75 and a fifty-two week high of $196.05.
IES ( NASDAQ:IESC – Get Free Report ) last announced its quarterly earnings data 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 return on equity of 34.
38% and a net margin of 6.30%. 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. Recommended Stories Want to see what other hedge funds are holding IESC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IES Holdings, Inc.
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