Arrowstreet Capital Limited Partnership Decreases Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Arrowstreet Capital Limited Partnership lessened its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 5.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,080 shares of the technology company's stock after selling 8,881 shares during the period. Arrowstreet Capital Limited Partnership owned 0.78% of IES worth $31,366,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in IES by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 76,739 shares of the technology company's stock worth $15,319,000 after acquiring an additional 1,158 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of IES by 23.3% in the third quarter. BNP Paribas Financial Markets now owns 7,159 shares of the technology company's stock worth $1,429,000 after purchasing an additional 1,351 shares during the last quarter. Janus Henderson Group PLC raised its stake in IES by 2.3% in the third quarter. Janus Henderson Group PLC now owns 29,973 shares of the technology company's stock valued at $5,982,000 after purchasing an additional 687 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in IES in the third quarter valued at approximately $3,453,000. Finally, Stifel Financial Corp bought a new stake in IES during the third quarter valued at approximately $631,000. Institutional investors own 86.60% of the company's stock.

IES Price Performance

IESC stock traded up $3.52 during mid-day trading on Monday, hitting $164.10. 263,721 shares of the stock were exchanged, compared to its average volume of 174,982. The business has a fifty day moving average price of $192.01 and a 200 day moving average price of $221.73. IES Holdings, Inc. has a 12 month low of $112.73 and a 12 month high of $320.09. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 15.28 and a beta of 1.51.

IES (NASDAQ:IESC - Get Free Report) last released its 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 downgraded shares of IES from a "buy" rating to a "hold" rating in a 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.