Creative Planning Purchases New Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Creative Planning purchased a new stake in shares of IES Holdings, Inc. (NASDAQ:IESC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,650 shares of the technology company’s stock, valued at approximately $329,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in IES during the second quarter valued at about $3,328,000. BNP Paribas Financial Markets grew its stake in shares of IES by 31.1% in the 1st quarter. BNP Paribas Financial Markets now owns 20,727 shares of the technology company’s stock valued at $2,521,000 after purchasing an additional 4,913 shares during the period. Truvestments Capital LLC bought a new stake in shares of IES in the 1st quarter valued at approximately $499,000. Acadian Asset Management LLC grew its stake in shares of IES by 1,863.1% in the 1st quarter. Acadian Asset Management LLC now owns 12,446 shares of the technology company’s stock valued at $1,512,000 after purchasing an additional 11,812 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of IES by 27.4% in the 1st quarter. Janus Henderson Group PLC now owns 26,609 shares of the technology company’s stock valued at $3,237,000 after purchasing an additional 5,720 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $158.29, for a total value of $7,575,917.69. Following the transaction, the chief executive officer now directly owns 11,036,984 shares of the company’s stock, valued at $1,747,044,197.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Tracy Mclauchlin sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $176.73, for a total value of $883,650.00. Following the transaction, the chief financial officer now directly owns 64,377 shares of the company’s stock, valued at $11,377,347.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $158.29, for a total value of $7,575,917.69. Following the completion of the transaction, the chief executive officer now directly owns 11,036,984 shares in the company, valued at $1,747,044,197.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,208 shares of company stock worth $17,850,857. Company insiders own 59.19% of the company’s stock.

IES Trading Up 5.4 %

IESC stock opened at $285.55 on Friday. IES Holdings, Inc. has a 1-year low of $60.33 and a 1-year high of $285.56. The firm has a market cap of $5.71 billion, a P/E ratio of 33.63 and a beta of 1.37. The business’s 50 day moving average is $201.36 and its 200-day moving average is $169.17.

IES declared that its Board of Directors has approved a stock repurchase program on Friday, August 2nd that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Separately, StockNews.com lowered IES from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.