Alliancebernstein L.P. Trims Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Alliancebernstein L.P. cut its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 29.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,892 shares of the technology company's stock after selling 9,780 shares during the period. Alliancebernstein L.P. owned 0.12% of IES worth $4,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in IES by 38.9% in the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock worth $151,389,000 after purchasing an additional 210,925 shares in the last quarter. State Street Corp lifted its position in IES by 3.2% during the third quarter. State Street Corp now owns 209,943 shares of the technology company's stock worth $41,909,000 after buying an additional 6,492 shares in the last quarter. Geode Capital Management LLC grew its holdings in IES by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company's stock valued at $41,757,000 after buying an additional 623 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of IES by 79.3% in the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock worth $31,026,000 after acquiring an additional 68,750 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of IES by 140.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock worth $25,221,000 after acquiring an additional 73,271 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

IES Stock Down 1.7 %

Shares of IES stock traded down $3.18 during mid-day trading on Friday, hitting $183.00. The stock had a trading volume of 94,120 shares, compared to its average volume of 177,626. IES Holdings, Inc. has a 12-month low of $112.73 and a 12-month high of $320.09. The firm has a market cap of $3.66 billion, a P/E ratio of 17.04 and a beta of 1.51. The firm has a 50-day moving average of $182.89 and a two-hundred day moving average of $220.28.

IES (NASDAQ:IESC - Get Free Report) last posted its earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.

IES 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.