IES Holdings, Inc. (NASDAQ:IESC) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 186,532 shares of the technology company’s stock after purchasing an additional 5,100 shares during the period. Renaissance Technologies LLC owned approximately 0.92% of IES worth $25,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of IESC. Victory Capital Management Inc. acquired a new position in shares of IES in the 4th quarter valued at $356,000. Charles Schwab Investment Management Inc. lifted its stake in IES by 12.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,243 shares of the technology company’s stock worth $6,911,000 after acquiring an additional 9,463 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in IES by 10.3% during the 4th quarter. Teacher Retirement System of Texas now owns 9,668 shares of the technology company’s stock worth $766,000 after acquiring an additional 904 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in IES by 14.5% during the 4th quarter. BNP Paribas Financial Markets now owns 15,814 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 2,005 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in IES by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 728,832 shares of the technology company’s stock worth $57,739,000 after acquiring an additional 7,680 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered IES from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th.

IES Price Performance

IESC stock opened at $183.65 on Friday. The firm has a market capitalization of $3.72 billion, a P/E ratio of 27.70 and a beta of 1.38. The business’s 50-day moving average is $161.02 and its two-hundred day moving average is $143.71. IES Holdings, Inc. has a 1 year low of $59.75 and a 1 year high of $196.05.

IES (NASDAQ:IESC) last posted its quarterly 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%.

Insider Buying and Selling at IES

In other news, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $176.73, for a total value of $883,650.00. Following the transaction, the chief financial officer now owns 64,377 shares in the company, valued at approximately $11,377,347.21. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Jeffrey L. Et Al Gendell sold 37,347 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $160.20, for a total value of $5,982,989.40. Following the transaction, the chief executive officer now owns 10,934,845 shares in the company, valued at approximately $1,751,762,169. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Tracy Mclauchlin sold 5,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $176.73, for a total value of $883,650.00. Following the completion of the transaction, the chief financial officer now owns 64,377 shares in the company, valued at approximately $11,377,347.21. The disclosure for this sale can be found here. Insiders have sold 160,966 shares of company stock valued at $26,003,099 in the last quarter. Corporate insiders own 59.19% of the company’s stock.

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.