Connor Clark & Lunn Investment Management Ltd. Trims Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 51.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,092 shares of the technology company's stock after selling 5,464 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in IES were worth $1,023,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of IES by 4.6% in the 3rd quarter. FMR LLC now owns 1,476,238 shares of the technology company's stock valued at $294,687,000 after purchasing an additional 65,145 shares in the last quarter. State Street Corp grew its position in IES by 3.2% during the third quarter. State Street Corp now owns 209,943 shares of the technology company's stock worth $41,909,000 after buying an additional 6,492 shares during the period. Geode Capital Management LLC increased its holdings in IES by 0.3% in the third quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company's stock valued at $41,757,000 after buying an additional 623 shares in the last quarter. Franklin Resources Inc. lifted 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. Finally, Summit Partners Public Asset Management LLC boosted its stake in shares of IES by 165.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 119,438 shares of the technology company's stock worth $23,842,000 after acquiring an additional 74,438 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

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IES Stock Up 1.5 %

Shares of IES stock traded up $2.81 on Monday, hitting $187.07. The company's stock had a trading volume of 139,553 shares, compared to its average volume of 171,830. The company has a market capitalization of $3.74 billion, a P/E ratio of 17.42 and a beta of 1.57. IES Holdings, Inc. has a 52-week low of $112.73 and a 52-week high of $320.09. The firm has a fifty day moving average price of $211.90 and a 200-day moving average price of $220.64.

IES (NASDAQ:IESC - Get Free Report) last announced 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 Upgrades and Downgrades

Separately, StockNews.com cut 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.