Kennedy Capital Management LLC lowered its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,681 shares of the technology company's stock after selling 10,670 shares during the quarter. Kennedy Capital Management LLC owned 0.20% of IES worth $8,175,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. J.Safra Asset Management Corp increased its position 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 valued at $28,000 after buying an additional 50 shares in the last quarter. Moran Wealth Management LLC increased its stake in IES by 1.8% during the fourth quarter. Moran Wealth Management LLC now owns 3,401 shares of the technology company's stock worth $683,000 after acquiring an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in IES by 21.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 551 shares of the technology company's stock valued at $111,000 after buying an additional 99 shares during the last quarter. Peterson Wealth Services raised its position in IES by 1.2% in the fourth quarter. Peterson Wealth Services now owns 8,110 shares of the technology company's stock valued at $1,630,000 after purchasing an additional 100 shares during the period. Finally, PFG Advisors lifted its stake in IES by 3.0% during the 4th quarter. PFG Advisors now owns 3,810 shares of the technology company's stock worth $766,000 after acquiring an additional 111 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
IES Stock Down 2.2 %
IESC stock traded down $4.18 during trading on Wednesday, hitting $183.91. The company had a trading volume of 47,595 shares, compared to its average volume of 176,867. The firm has a 50-day moving average price of $185.41 and a 200-day moving average price of $220.73. IES Holdings, Inc. has a 1-year low of $112.73 and a 1-year high of $320.09. The firm has a market cap of $3.68 billion, a PE ratio of 17.12 and a beta of 1.51.
IES (NASDAQ:IESC - Get Free Report) last issued 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%.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.
Check Out Our Latest Stock Report on IES
About IES
(
Free Report)
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.
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