Allspring Global Investments Holdings LLC Has $818,000 Position in IES Holdings, Inc. (NASDAQ:IESC)

Allspring Global Investments Holdings LLC increased its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC) by 1,856.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,070 shares of the technology company’s stock after purchasing an additional 3,862 shares during the period. Allspring Global Investments Holdings LLC’s holdings in IES were worth $818,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of IESC. Andina Capital Management LLC lifted its stake in IES by 4.0% in the 3rd quarter. Andina Capital Management LLC now owns 2,496 shares of the technology company’s stock valued at $498,000 after acquiring an additional 96 shares in the last quarter. Peterson Wealth Services grew its holdings in IES by 1.2% in the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company’s stock valued at $1,630,000 after buying an additional 100 shares in the last quarter. KBC Group NV grew its holdings in IES by 52.5% in the 4th quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after buying an additional 138 shares in the last quarter. Gladius Capital Management LP acquired a new position in IES in the 3rd quarter valued at $44,000. Finally, Truvestments Capital LLC grew its holdings in IES by 9.1% in the 3rd quarter. Truvestments Capital LLC now owns 5,286 shares of the technology company’s stock valued at $1,055,000 after buying an additional 441 shares in the last quarter. Institutional investors own 86.60% 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 research report on Wednesday, February 12th.

Insider Buying and Selling

In other IES news, CEO Jeffrey L. Et Al Gendell sold 470 shares of IES stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $252.25, for a total value of $118,557.50. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Mary K. Newman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total value of $715,575.00. Following the sale, the vice president now owns 18,286 shares of the company’s stock, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,359 shares of company stock valued at $7,341,029 over the last ninety days. 56.76% of the stock is owned by company insiders.

IES Stock Down 2.8 %

Shares of IESC stock opened at $193.35 on Monday. The company has a market cap of $3.87 billion, a P/E ratio of 18.00 and a beta of 1.52. IES Holdings, Inc. has a twelve month low of $99.16 and a twelve month high of $320.08. The business has a fifty day simple moving average of $227.25 and a 200 day simple moving average of $220.36.

IES (NASDAQ:IESC) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

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.