Aviva PLC Trims Stock Holdings in IES Holdings, Inc. (NASDAQ:IESC)

Aviva PLC lowered its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 37.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,364 shares of the technology company's stock after selling 1,414 shares during the quarter. Aviva PLC's holdings in IES were worth $475,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. J.Safra Asset Management Corp lifted its stake in shares of IES by 56.8% in the fourth quarter. J.Safra Asset Management Corp now owns 138 shares of the technology company's stock worth $28,000 after buying an additional 50 shares in the last quarter. Moran Wealth Management LLC increased its holdings in shares of IES by 1.8% in the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock valued at $683,000 after purchasing an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of IES by 21.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company's stock worth $111,000 after acquiring an additional 99 shares during the period. Peterson Wealth Services boosted its holdings in IES by 1.2% during the 4th quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock valued at $1,630,000 after acquiring an additional 100 shares during the period. Finally, PFG Advisors increased its stake in IES by 3.0% during the fourth quarter. PFG Advisors now owns 3,810 shares of the technology company's stock worth $766,000 after purchasing an additional 111 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

IES Trading Down 2.4 %

IESC traded down $4.49 on Thursday, hitting $181.70. 27,593 shares of the company were exchanged, compared to its average volume of 176,608. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 16.86 and a beta of 1.51. The firm has a 50-day moving average price of $184.52 and a two-hundred day moving average price of $220.49. IES Holdings, Inc. has a twelve month low of $112.73 and a twelve month high of $320.09.

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%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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.