Rhumbline Advisers Has $1.73 Million Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Rhumbline Advisers grew its position in IES Holdings, Inc. (NASDAQ:IESC) by 1.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,400 shares of the technology company’s stock after acquiring an additional 197 shares during the period. Rhumbline Advisers owned 0.06% of IES worth $1,728,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of IES during the fourth quarter valued at $356,000. Charles Schwab Investment Management Inc. raised its stake in shares of IES by 12.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,243 shares of the technology company’s stock valued at $6,911,000 after acquiring an additional 9,463 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of IES by 10.3% during the fourth quarter. Teacher Retirement System of Texas now owns 9,668 shares of the technology company’s stock valued at $766,000 after acquiring an additional 904 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of IES by 14.5% during the fourth quarter. BNP Paribas Financial Markets now owns 15,814 shares of the technology company’s stock valued at $1,253,000 after acquiring an additional 2,005 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of IES by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 728,832 shares of the technology company’s stock valued at $57,739,000 after acquiring an additional 7,680 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Buying and Selling at IES

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

Wall Street Analysts Forecast Growth

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

IES Stock Performance

Shares of IES stock opened at $183.90 on Friday. IES Holdings, Inc. has a 52 week low of $59.75 and a 52 week high of $196.05. The stock has a 50 day moving average price of $161.62 and a two-hundred day moving average price of $143.99. The stock has a market capitalization of $3.72 billion, a PE ratio of 27.74 and a beta of 1.38.

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

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.