IES Holdings, Inc. (NASDAQ:IESC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in shares of IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,759 shares of the technology company's stock after selling 4,723 shares during the quarter. JPMorgan Chase & Co. owned 0.18% of IES worth $7,387,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of IES by 38.9% during the fourth quarter. Vanguard Group Inc. now owns 753,331 shares of the technology company's stock valued at $151,389,000 after purchasing an additional 210,925 shares during the period. State Street Corp increased its holdings in IES by 3.2% during the third quarter. State Street Corp now owns 209,943 shares of the technology company's stock valued at $41,909,000 after buying an additional 6,492 shares during the period. Geode Capital Management LLC raised its position in shares of IES by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 209,146 shares of the technology company's stock worth $41,757,000 after acquiring an additional 623 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of IES by 79.3% in the 3rd quarter. Franklin Resources Inc. now owns 155,426 shares of the technology company's stock valued at $31,026,000 after buying an additional 68,750 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in IES by 140.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 125,500 shares of the technology company's stock valued at $25,221,000 after acquiring an additional 73,271 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

IES Stock Down 1.7 %

Shares of NASDAQ:IESC traded down $3.18 during trading on Friday, hitting $183.00. The stock had a trading volume of 94,120 shares, compared to its average volume of 177,843. IES Holdings, Inc. has a 12-month low of $115.12 and a 12-month high of $320.09. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 17.04 and a beta of 1.51. The stock has a 50-day simple moving average of $182.89 and a two-hundred day simple moving average of $220.42.

IES (NASDAQ:IESC - Get Free Report) last issued its 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 downgraded IES from a "buy" rating to a "hold" rating in a report on Friday, March 14th.

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.