Knights of Columbus Asset Advisors LLC cut its holdings in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 28.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,179 shares of the technology company's stock after selling 4,108 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.05% of IES worth $2,046,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. J.Safra Asset Management Corp raised 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 during the last quarter. Smithfield Trust Co purchased a new position in IES in the 4th quarter worth approximately $34,000. Harbour Investments Inc. purchased a new position in IES in the 4th quarter worth approximately $71,000. Jones Financial Companies Lllp acquired a new position in shares of IES during the 4th quarter worth approximately $74,000. Finally, KBC Group NV grew its position in shares of IES by 52.5% in the fourth quarter. KBC Group NV now owns 401 shares of the technology company's stock valued at $81,000 after purchasing an additional 138 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.
IES Price Performance
Shares of NASDAQ:IESC traded down $8.23 during midday trading on Thursday, reaching $170.64. 129,894 shares of the company's stock were exchanged, compared to its average volume of 171,927. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 15.89 and a beta of 1.57. IES Holdings, Inc. has a fifty-two week low of $112.73 and a fifty-two week high of $320.09. The firm's 50 day simple moving average is $208.56 and its two-hundred day simple moving average is $220.91.
IES (NASDAQ:IESC - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $2.64 EPS for the quarter. IES had a return on equity of 35.81% and a net margin of 7.30%.
Analyst Ratings Changes
Separately, StockNews.com lowered IES from a "buy" rating to a "hold" rating in a research note on Friday, March 14th.
Read Our Latest Research Report on IESC
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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