Acadian Asset Management LLC Sells 8,547 Shares of IES Holdings, Inc. (NASDAQ:IESC)

Acadian Asset Management LLC lessened its stake in shares of IES Holdings, Inc. (NASDAQ:IESC) by 68.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,899 shares of the technology company’s stock after selling 8,547 shares during the period. Acadian Asset Management LLC’s holdings in IES were worth $543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of IES by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 728,832 shares of the technology company’s stock worth $57,739,000 after purchasing an additional 7,680 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of IES by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 479,315 shares of the technology company’s stock worth $58,304,000 after purchasing an additional 43,634 shares in the last quarter. Breach Inlet Capital Management LLC bought a new stake in shares of IES in the 4th quarter worth $10,239,000. Assenagon Asset Management S.A. increased its holdings in shares of IES by 12.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 89,330 shares of the technology company’s stock worth $12,446,000 after purchasing an additional 9,942 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of IES by 12.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,243 shares of the technology company’s stock worth $6,911,000 after purchasing an additional 9,463 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

IES Price Performance

IESC stock opened at $164.19 on Wednesday. The company has a market cap of $3.32 billion, a P/E ratio of 24.76 and a beta of 1.38. The stock’s fifty day moving average price is $160.13 and its 200-day moving average price is $143.20. IES Holdings, Inc. has a 1 year low of $59.75 and a 1 year high of $196.05.

IES (NASDAQ:IESC) last released its earnings results on Friday, August 2nd. The technology company reported $2.67 earnings per share for the quarter. The company 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%.

Analyst Upgrades and Downgrades

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

Insider Activity at IES

In related news, Director David B. Gendell sold 10,000 shares of IES stock in a transaction on Friday, August 30th. The stock was sold at an average price of $187.26, for a total transaction of $1,872,600.00. Following the transaction, the director now directly owns 127,976 shares in the company, valued at $23,964,785.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other IES news, Director David B. Gendell sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $187.26, for a total transaction of $1,872,600.00. Following the sale, the director now directly owns 127,976 shares of the company’s stock, valued at $23,964,785.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 50,758 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $160.61, for a total value of $8,152,242.38. Following the sale, the chief executive officer now directly owns 11,134,087 shares in the company, valued at $1,788,245,713.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,966 shares of company stock worth $26,003,099. Corporate insiders own 59.19% of the company’s stock.

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.