State Street Corp Purchases 6,492 Shares of IES Holdings, Inc. (NASDAQ:IESC)

State Street Corp lifted its position in shares of IES Holdings, Inc. (NASDAQ:IESC) by 3.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 209,943 shares of the technology company’s stock after purchasing an additional 6,492 shares during the quarter. State Street Corp’s holdings in IES were worth $41,909,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IESC. Stifel Financial Corp purchased a new position in shares of IES in the third quarter valued at about $631,000. Polar Asset Management Partners Inc. purchased a new position in IES during the 3rd quarter valued at about $3,453,000. Janus Henderson Group PLC raised its position in IES by 2.3% during the 3rd quarter. Janus Henderson Group PLC now owns 29,973 shares of the technology company’s stock valued at $5,982,000 after purchasing an additional 687 shares during the last quarter. Summit Partners Public Asset Management LLC lifted its holdings in IES by 165.4% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock worth $23,842,000 after buying an additional 74,438 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of IES by 23.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,159 shares of the technology company’s stock worth $1,429,000 after buying an additional 1,351 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Insiders Place Their Bets

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the transaction, the chief executive officer now owns 10,957,184 shares in the company, valued at approximately $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Tracy Mclauchlin sold 5,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $253.02, for a total transaction of $1,265,100.00. Following the sale, the chief financial officer now owns 71,177 shares in the company, valued at approximately $18,009,204.54. This trade represents a 6.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,359 shares of company stock worth $7,341,029 over the last three months. Company insiders own 59.19% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded IES from a “hold” rating to a “buy” rating in a report on Tuesday, December 10th.

IES Trading Down 0.2 %

NASDAQ:IESC opened at $212.50 on Friday. The company has a 50-day moving average price of $251.10 and a 200-day moving average price of $191.70. The stock 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 12 month low of $76.26 and a 12 month high of $320.08.

About IES

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.