New York State Common Retirement Fund Sells 4,860 Shares of IES Holdings, Inc. (NASDAQ:IESC)

New York State Common Retirement Fund trimmed its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 12.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,401 shares of the technology company's stock after selling 4,860 shares during the period. New York State Common Retirement Fund owned about 0.17% of IES worth $5,680,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake 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 valued at $151,389,000 after acquiring an additional 210,925 shares during the period. Invesco Ltd. lifted its stake in shares of IES by 27.6% during the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock valued at $40,353,000 after acquiring an additional 43,449 shares during the period. Man Group plc acquired a new position in shares of IES during the fourth quarter valued at $8,497,000. GAMMA Investing LLC lifted its stake in IES by 17,886.4% in the first quarter. GAMMA Investing LLC now owns 42,268 shares of the technology company's stock valued at $69,790,000 after buying an additional 42,033 shares during the period. Finally, LPL Financial LLC lifted its stake in IES by 588.0% in the fourth quarter. LPL Financial LLC now owns 46,426 shares of the technology company's stock valued at $9,330,000 after buying an additional 39,678 shares during the period. 86.60% of the stock is currently owned by institutional investors.

IES Trading Down 1.3%

Shares of NASDAQ IESC traded down $3.98 during mid-day trading on Tuesday, reaching $308.81. 162,478 shares of the company's stock were exchanged, compared to its average volume of 178,415. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 25.84 and a beta of 1.63. The business has a fifty day simple moving average of $278.95 and a 200 day simple moving average of $230.64. IES Holdings, Inc. has a twelve month low of $129.16 and a twelve month high of $334.48.

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

Insider Activity at IES

In other news, CEO Jeffrey L. Et Al Gendell sold 27,144 shares of IES stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 10,930,040 shares in the company, valued at approximately $3,015,816,636.80. The trade was a 0.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 39,630 shares of company stock worth $10,915,095. Insiders own 56.76% of the company's stock.

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.