IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd decreased its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 69.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 578 shares of the technology company's stock after selling 1,302 shares during the quarter. Ausbil Investment Management Ltd's holdings in IES were worth $116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gladius Capital Management LP acquired a new position in shares of IES in the third quarter valued at approximately $44,000. KBC Group NV increased its position in IES by 52.5% during the fourth quarter. KBC Group NV now owns 401 shares of the technology company's stock worth $81,000 after purchasing an additional 138 shares during the last quarter. City State Bank purchased a new stake in IES during the fourth quarter worth approximately $106,000. CWM LLC raised its stake in shares of IES by 17.2% during the third quarter. CWM LLC now owns 682 shares of the technology company's stock valued at $136,000 after purchasing an additional 100 shares during the period. Finally, Quest Partners LLC grew its position in shares of IES by 159.5% during the third quarter. Quest Partners LLC now owns 768 shares of the technology company's stock worth $153,000 after buying an additional 472 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Trading Down 2.5 %

IESC traded down $5.41 during trading on Tuesday, reaching $214.49. 256,317 shares of the company were exchanged, compared to its average volume of 213,603. The stock has a market cap of $4.29 billion, a P/E ratio of 21.78 and a beta of 1.52. IES Holdings, Inc. has a 52 week low of $83.96 and a 52 week high of $320.08. The firm has a 50 day moving average of $243.16 and a 200 day moving average of $213.36.

IES (NASDAQ:IESC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a return on equity of 35.69% and a net margin of 7.00%.

Insider Activity

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of IES from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th.

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.