7,352 Shares in IES Holdings, Inc. (NASDAQ:IESC) Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D purchased a new position in shares of IES Holdings, Inc. (NASDAQ:IESC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,352 shares of the technology company’s stock, valued at approximately $1,477,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gladius Capital Management LP acquired a new stake in shares of IES during the third quarter worth about $44,000. KBC Group NV lifted its stake in IES by 52.5% during the fourth quarter. KBC Group NV now owns 401 shares of the technology company’s stock worth $81,000 after purchasing an additional 138 shares during the last quarter. City State Bank purchased a new stake in shares of IES during the 4th quarter worth approximately $106,000. Quest Partners LLC boosted its holdings in shares of IES by 159.5% in the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company’s stock valued at $153,000 after buying an additional 472 shares in the last quarter. Finally, Highland Capital Management LLC purchased a new position in shares of IES in the 4th quarter valued at $212,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised IES from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th.

Insider Buying and Selling at IES

In related news, COO Matthew J. Simmes sold 7,000 shares of the firm’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 sale, the chief operating officer now owns 115,341 shares in the company, valued at approximately $33,831,822.12. This trade represents a 5.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction dated Monday, December 16th. The stock was 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 in the company, valued at $2,763,949,664. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,859 shares of company stock valued at $6,625,454. 56.76% of the stock is owned by company insiders.

IES Trading Down 0.2 %

Shares of NASDAQ IESC opened at $179.33 on Wednesday. The stock has a market cap of $3.59 billion, a P/E ratio of 16.70 and a beta of 1.52. The stock has a 50 day moving average of $225.70 and a two-hundred day moving average of $220.56. IES Holdings, Inc. has a twelve month low of $100.60 and a twelve month high of $320.08.

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

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.