Arizona State Retirement System Has $355,000 Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Arizona State Retirement System boosted its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 14.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,546 shares of the technology company’s stock after buying an additional 324 shares during the period. Arizona State Retirement System’s holdings in IES were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of IESC. SG Americas Securities LLC acquired a new position in IES in the 2nd quarter worth about $3,328,000. Breach Inlet Capital Management LLC bought a new position in shares of IES in the 4th quarter valued at approximately $10,239,000. BNP Paribas Financial Markets raised 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 acquiring an additional 4,913 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of IES in the 1st quarter valued at approximately $499,000. Finally, Acadian Asset Management LLC raised 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 acquiring an additional 11,812 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $160.20, for a total value of $5,982,989.40. Following the sale, the chief executive officer now owns 10,934,845 shares of the company’s stock, valued at approximately $1,751,762,169. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other IES news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $160.20, for a total value of $5,982,989.40. Following the sale, the chief executive officer now owns 10,934,845 shares of the company’s stock, valued at approximately $1,751,762,169. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey L. Et Al Gendell sold 47,861 shares of IES 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 sale, the chief executive officer now directly owns 11,036,984 shares in the company, valued at approximately $1,747,044,197.36. The disclosure for this sale can be found here. Insiders have sold 160,966 shares of company stock valued at $26,003,099 in the last 90 days. 59.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

IES Stock Performance

Shares of IESC stock opened at $164.19 on Wednesday. The stock’s 50 day simple moving average is $160.13 and its 200 day simple moving average is $143.20. IES Holdings, Inc. has a twelve month low of $59.75 and a twelve month high of $196.05. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 24.76 and a beta of 1.38.

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

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.