IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by Boston Partners

Boston Partners trimmed its position in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,786 shares of the technology company's stock after selling 2,869 shares during the quarter. Boston Partners' holdings in IES were worth $560,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in shares of IES by 79.3% during the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock valued at $31,026,000 after acquiring an additional 68,750 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in IES by 1,856.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,070 shares of the technology company's stock valued at $818,000 after purchasing an additional 3,862 shares in the last quarter. Principal Financial Group Inc. raised its holdings in IES by 56.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,269 shares of the technology company's stock valued at $1,451,000 after acquiring an additional 2,636 shares during the last quarter. Barclays PLC boosted its stake in IES by 411.1% during the third quarter. Barclays PLC now owns 15,176 shares of the technology company's stock worth $3,029,000 after buying an additional 12,207 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in IES during the third quarter worth about $631,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Stock Down 4.3 %

NASDAQ:IESC traded down $7.96 during trading hours on Wednesday, reaching $178.87. 103,371 shares of the stock were exchanged, compared to its average volume of 171,842. The business has a 50-day moving average of $210.10 and a two-hundred day moving average of $221.21. IES Holdings, Inc. has a twelve month low of $112.73 and a twelve month high of $320.09. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 16.65 and a beta of 1.57.

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

Analyst Ratings Changes

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

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.