IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,298 shares of the technology company’s stock after selling 136 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in IES were worth $1,457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Truvestments Capital LLC lifted its position in IES by 9.1% during the third quarter. Truvestments Capital LLC now owns 5,286 shares of the technology company’s stock worth $1,055,000 after buying an additional 441 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of IES by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,739 shares of the technology company’s stock worth $15,319,000 after acquiring an additional 1,158 shares during the period. Intech Investment Management LLC acquired a new position in IES during the third quarter worth approximately $608,000. Moran Wealth Management LLC raised its stake in IES by 30.8% during the third quarter. Moran Wealth Management LLC now owns 3,340 shares of the technology company’s stock worth $667,000 after purchasing an additional 787 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in IES by 17.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,556 shares of the technology company’s stock worth $2,107,000 after purchasing an additional 1,557 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In other IES news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $160.20, for a total value of $5,982,989.40. Following the completion of the sale, the chief executive officer now owns 10,934,845 shares of the company’s stock, valued at $1,751,762,169. This trade represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $286.23, for a total transaction of $715,575.00. Following the transaction, the vice president now directly owns 18,286 shares in the company, valued at approximately $5,234,001.78. The trade was a 12.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 94,708 shares of company stock valued at $16,327,722. Company insiders own 59.19% of the company’s stock.

Wall Street Analyst Weigh In

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

IES Stock Down 0.1 %

Shares of IESC stock opened at $252.18 on Wednesday. IES Holdings, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $320.08. The firm’s 50 day moving average price is $248.06 and its two-hundred day moving average price is $188.56. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 25.50 and a beta of 1.45.

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.