Teacher Retirement System of Texas Has $1.31 Million Stake in IES Holdings, Inc. (NASDAQ:IESC)

Teacher Retirement System of Texas lowered its holdings in IES Holdings, Inc. (NASDAQ:IESC) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,503 shares of the technology company’s stock after selling 1,471 shares during the quarter. Teacher Retirement System of Texas’ holdings in IES were worth $1,307,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in IESC. J.Safra Asset Management Corp raised its holdings in shares of IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company’s stock valued at $28,000 after buying an additional 50 shares during the last quarter. Smithfield Trust Co bought a new position in shares of IES in the fourth quarter worth about $34,000. Harbour Investments Inc. bought a new position in shares of IES in the fourth quarter worth about $71,000. Jones Financial Companies Lllp acquired a new position in shares of IES during the fourth quarter worth approximately $74,000. Finally, KBC Group NV grew its stake in shares of IES by 52.5% during the fourth quarter. KBC Group NV now owns 401 shares of the technology company’s stock valued at $81,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

IES Stock Down 2.3 %

IESC stock opened at $166.67 on Friday. IES Holdings, Inc. has a twelve month low of $112.73 and a twelve month high of $320.09. The company has a market cap of $3.33 billion, a P/E ratio of 15.52 and a beta of 1.57. The business has a fifty day moving average of $205.07 and a 200-day moving average of $220.71.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of IES from a “buy” rating to a “hold” rating in a research report on Friday, March 14th.

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.