Asset Management One Co. Ltd. Cuts Stock Position in IES Holdings, Inc. (NASDAQ:IESC)

Asset Management One Co. Ltd. lowered its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,097 shares of the technology company's stock after selling 3,513 shares during the period. Asset Management One Co. Ltd. owned 0.06% of IES worth $2,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IESC. Gladius Capital Management LP bought a new stake in IES during the 3rd quarter worth about $44,000. KBC Group NV boosted its position in shares of IES by 52.5% during the 4th quarter. KBC Group NV now owns 401 shares of the technology company's stock worth $81,000 after acquiring an additional 138 shares in the last quarter. City State Bank acquired a new stake in shares of IES during the 4th quarter worth approximately $106,000. CWM LLC boosted its position in shares of IES by 17.2% during the 3rd quarter. CWM LLC now owns 682 shares of the technology company's stock worth $136,000 after acquiring an additional 100 shares in the last quarter. Finally, Quest Partners LLC boosted its position in shares of IES by 159.5% during the 3rd quarter. Quest Partners LLC now owns 768 shares of the technology company's stock worth $153,000 after acquiring an additional 472 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of IES from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th.

IES Price Performance

NASDAQ IESC traded down $5.91 during mid-day trading on Friday, reaching $193.05. 114,461 shares of the stock were exchanged, compared to its average volume of 224,284. The stock has a market cap of $3.86 billion, a P/E ratio of 17.92 and a beta of 1.52. The stock has a 50 day simple moving average of $228.29 and a 200-day simple moving average of $219.18. IES Holdings, Inc. has a one year low of $99.16 and a one year high of $320.08.

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

Insider Buying and Selling

In related news, VP Mary K. Newman sold 2,500 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $286.23, for a total transaction of $715,575.00. Following the sale, the vice president now directly owns 18,286 shares of the company's stock, valued at approximately $5,234,001.78. This represents a 12.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey L. Et Al Gendell sold 470 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $252.25, for a total transaction of $118,557.50. Following the sale, the chief executive officer now directly owns 10,957,184 shares in the company, valued at $2,763,949,664. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,359 shares of company stock valued at $7,341,029. Company insiders own 56.76% of the company's stock.

IES Company 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.