IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by AltraVue Capital LLC

AltraVue Capital LLC reduced its position in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,817 shares of the technology company's stock after selling 68,752 shares during the quarter. IES makes up approximately 3.3% of AltraVue Capital LLC's portfolio, making the stock its 14th biggest position. AltraVue Capital LLC owned 1.00% of IES worth $40,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. National Bank of Canada FI purchased a new stake in shares of IES during the fourth quarter worth $54,000. Franklin Resources Inc. grew its stake in IES by 4.6% during the 4th quarter. Franklin Resources Inc. now owns 162,561 shares of the technology company's stock worth $32,668,000 after purchasing an additional 7,135 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in IES by 49.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,000 shares of the technology company's stock worth $402,000 after purchasing an additional 664 shares during the period. Norges Bank acquired a new stake in IES in the 4th quarter valued at about $1,557,000. Finally, Vanguard Group Inc. boosted its stake in shares of IES by 38.9% in the 4th quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock valued at $151,389,000 after buying an additional 210,925 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

IES Price Performance

Shares of IESC traded down $1.05 during midday trading on Friday, reaching $160.58. The stock had a trading volume of 351,180 shares, compared to its average volume of 174,627. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 14.95 and a beta of 1.51. The company's fifty day simple moving average is $193.02 and its two-hundred day simple moving average is $221.47. IES Holdings, Inc. has a 1-year low of $112.73 and a 1-year high of $320.09.

IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings results 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%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of IES from a "buy" rating to a "hold" rating in a research note 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.