IES Holdings, Inc. (NASDAQ:IESC) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 56.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,269 shares of the technology company’s stock after acquiring an additional 2,636 shares during the quarter. Principal Financial Group Inc.’s holdings in IES were worth $1,451,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IESC. Federated Hermes Inc. boosted its holdings in shares of IES by 258.7% during the 2nd quarter. Federated Hermes Inc. now owns 269 shares of the technology company’s stock worth $37,000 after purchasing an additional 194 shares during the last quarter. Quest Partners LLC grew its holdings in IES by 41.0% in the 2nd quarter. Quest Partners LLC now owns 296 shares of the technology company’s stock valued at $41,000 after buying an additional 86 shares in the last quarter. Gladius Capital Management LP acquired a new stake in shares of IES in the 3rd quarter worth $44,000. CWM LLC raised its holdings in shares of IES by 17.2% during the 3rd quarter. CWM LLC now owns 682 shares of the technology company’s stock worth $136,000 after acquiring an additional 100 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of IES during the 2nd quarter valued at about $170,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Transactions at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total value of $118,557.50. Following the transaction, the chief executive officer now owns 10,957,184 shares of the company’s stock, valued at $2,763,949,664. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Matthew J. Simmes sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $293.32, for a total transaction of $2,053,240.00. Following the completion of the sale, the chief operating officer now directly owns 115,341 shares in the company, valued at $33,831,822.12. This trade represents a 5.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,359 shares of company stock worth $7,341,029. 59.19% of the stock is currently owned by company insiders.

IES Stock Performance

Shares of IES stock opened at $225.67 on Friday. The stock has a 50 day moving average of $248.94 and a 200 day moving average of $197.97. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 22.82 and a beta of 1.52. IES Holdings, Inc. has a fifty-two week low of $76.50 and a fifty-two week high of $320.08.

Analyst Ratings Changes

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

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.