Bridgewater Advisors Inc. Buys New Shares in IES Holdings, Inc. (NASDAQ:IESC)

Bridgewater Advisors Inc. acquired a new stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,343 shares of the technology company's stock, valued at approximately $552,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of IES by 38.9% during the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock worth $151,389,000 after buying an additional 210,925 shares during the period. Geode Capital Management LLC boosted its position in shares of IES by 17.0% during the fourth quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company's stock worth $49,168,000 after buying an additional 35,474 shares during the period. Invesco Ltd. boosted its position in shares of IES by 27.6% during the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock worth $40,353,000 after buying an additional 43,449 shares during the period. Franklin Resources Inc. boosted its position in shares of IES by 4.6% during the fourth quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company's stock worth $32,668,000 after buying an additional 7,135 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of IES by 140.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock worth $25,221,000 after buying an additional 73,271 shares during the period. Institutional investors own 86.60% of the company's stock.

IES Stock Performance

NASDAQ IESC traded up $1.21 during trading hours on Friday, hitting $327.15. 416,795 shares of the company traded hands, compared to its average volume of 178,106. The business's 50-day moving average is $278.95 and its 200-day moving average is $230.29. IES Holdings, Inc. has a twelve month low of $129.16 and a twelve month high of $334.48. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 27.38 and a beta of 1.63.

IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The technology company reported $3.30 earnings per share (EPS) for the quarter. IES had a return on equity of 36.49% and a net margin of 7.76%. The company had revenue of $834.00 million during the quarter.

Insider Buying and Selling at IES

In other IES news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $275.92, for a total transaction of $7,489,572.48. Following the transaction, the chief executive officer owned 10,930,040 shares in the company, valued at $3,015,816,636.80. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 39,630 shares of company stock worth $10,915,095 in the last 90 days. 56.76% of the stock is currently owned by company insiders.

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.