State Street Corp Has $41.91 Million Position in IES Holdings, Inc. (NASDAQ:IESC)

State Street Corp grew its position in IES Holdings, Inc. (NASDAQ:IESC) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 209,943 shares of the technology company’s stock after purchasing an additional 6,492 shares during the period. State Street Corp owned about 1.05% of IES worth $41,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC increased its holdings in IES by 4.6% during the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company’s stock worth $294,687,000 after purchasing an additional 65,145 shares in the last quarter. Royce & Associates LP boosted its position in IES by 15.1% during the 3rd quarter. Royce & Associates LP now owns 294,808 shares of the technology company’s stock worth $58,850,000 after acquiring an additional 38,783 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of IES by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 186,532 shares of the technology company’s stock worth $25,990,000 after acquiring an additional 5,100 shares in the last quarter. Summit Partners Public Asset Management LLC raised its holdings in shares of IES by 165.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company’s stock valued at $23,842,000 after purchasing an additional 74,438 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of IES by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 76,739 shares of the technology company’s stock worth $15,319,000 after purchasing an additional 1,158 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

IES Price Performance

IESC stock opened at $212.50 on Friday. IES Holdings, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $320.08. The business’s fifty day moving average price is $251.10 and its two-hundred day moving average price is $191.70. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 21.49 and a beta of 1.45.

Insider Activity

In other news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 directly owns 10,957,184 shares in the company, valued at approximately $2,763,949,664. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Matthew J. Simmes sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $293.32, for a total transaction of $2,053,240.00. Following the sale, the chief operating officer now directly owns 115,341 shares of the company’s stock, valued at approximately $33,831,822.12. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,359 shares of company stock worth $7,341,029. 59.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

IES 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.