Teacher Retirement System of Texas Trims Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Teacher Retirement System of Texas trimmed its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 60.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,573 shares of the technology company's stock after selling 3,930 shares during the period. Teacher Retirement System of Texas' holdings in IES were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of IES by 38.9% in the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock valued at $151,389,000 after purchasing an additional 210,925 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of IES by 17.0% in the fourth quarter. Geode Capital Management LLC now owns 244,620 shares of the technology company's stock valued at $49,168,000 after purchasing an additional 35,474 shares during the last quarter. Invesco Ltd. raised its holdings in shares of IES by 27.6% in the fourth quarter. Invesco Ltd. now owns 200,799 shares of the technology company's stock valued at $40,353,000 after purchasing an additional 43,449 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of IES by 4.6% in the fourth quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company's stock valued at $32,668,000 after purchasing an additional 7,135 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of IES by 140.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock valued at $25,221,000 after purchasing an additional 73,271 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Insider Transactions at IES

In related news, CEO Jeffrey L. Et Al Gendell sold 5,764 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $273.59, for a total transaction of $1,576,972.76. Following the completion of the sale, the chief executive officer owned 10,917,554 shares in the company, valued at approximately $2,986,933,598.86. This trade represents a 0.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 39,630 shares of company stock worth $10,915,095 in the last three months. Company insiders own 56.76% of the company's stock.

IES Price Performance

Shares of IESC stock traded down $14.36 on Monday, hitting $312.79. The stock had a trading volume of 170,872 shares, compared to its average volume of 178,479. The business has a 50 day moving average of $278.95 and a 200 day moving average of $230.64. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 26.17 and a beta of 1.63. IES Holdings, Inc. has a 12-month low of $129.16 and a 12-month high of $334.48.

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

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.